September 30, 2016 4:56 PM ET

Banks

Company Overview of JPMorgan Chase Bank, National Association

Company Overview

JPMorgan Chase Bank, National Association provides various banking and other financial services to corporate, institutional, and governmental clients in the United States and internationally. It offers noninterest-bearing deposits; and interest-bearing deposits, such as savings accounts, demand deposits, and time deposits. The company also provides consumer loans, such as residential mortgages, home equity loans and lines of credit, auto loans, business banking loans, and student and other loans; and home equity loans secured by junior liens, prime mortgage loans, and payment option loans. In addition, it offers credit card loans; and wholesale loans to various customers, such as corporate a...

270 Park Avenue

New York, NY 10017

United States

Phone:

212-270-6000

Key Executives for JPMorgan Chase Bank, National Association

Chairman of JPMorgan Chase & Co and Chief Executive Officer of JPMorgan Chase & Co
Age: 60
Market President
Market Manager of Commercial Banking, President of West Ohio and President of Chase In Dayton
President for Western Pennsylvania Market
Tokyo Branch Manager
Compensation as of Fiscal Year 2016.

JPMorgan Chase Bank, National Association Key Developments

JPMorgan Chase Bank, National Association Announces Election of Todd A. Combs as Director

JPMorgan Chase Bank, National Association announced that election of Todd A. Combs as a Director of the bank.

JPMorgan Chase Bank NA, Deutsche Bank National Trust Co., the FDIC and Announce Settlement with Washington Mutual Inc

JPMorgan, Deutsche Bank unit, FDIC sign WaMu RMBS accord. The deal gives JPMorgan $645 million in cash in exchange for its dropping indemnity and other claims against the Washington Mutual receivership estate. JPMorgan Chase Bank NA, Deutsche Bank National Trust Co. and the FDIC on Aug. 19 executed an agreement to tie up loose ends left by a 2013 RMBS suit settlement. That $4.5 billion accord did not cover claims on trusts issued or sponsored by Washington Mutual Inc., such as those made by trustee Deutsche Bank National Trust. The latter had sued both the FDIC and JPMorgan, even as JPMorgan sued the regulator for indemnification. Under the new agreement, JPMorgan will release all indemnity and other claims against the WaMu receivership estate, in exchange for $645 million in cash. The deal, which is still subject to court approval, will cause the dismissal of four pending WaMu-related lawsuits.

JPMorgan Chase Bank, National Association Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016

JPMorgan Chase Bank, National Association reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company’s non-interest revenue was $20,218 million compared to $20,648 million a year ago. Net interest income was $18,055 million compared to $16,488 million a year ago. Interest income was $20,347 million compared to $18,383 million a year ago. Income before income tax expense was $13,264 million compared to $12,007 million a year ago. Net income was $8,993 million compared to $8,834 million a year ago. Net cash used in operating activities was $25,083 million compared to net cash provided by operating activities of $23,393 million a year ago.

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