JPMorgan Chase is a multifunctional finance company located on Madison Avenue, New York City, U.S. In 2023, it was the world's largest bank and the largest of the Big Four banks in the United States. The company was founded in December 2000, meaning it has been more than 20 years since its establishment. JPMorgan Chase was formed by J.P. Morgan, who was behind the launch of the House of Morgan as the international platform for investment, commercial, and private banking services.? As the world's largest banks are important for the Financial Stability Board, JPMorgan's size and scale were helpful in enhancing and maintaining the Fortress Balance Sheet. JPMorgan had two predecessor firms before its starting. Those two predecessors merged in 2000 to form an individual entity that provided investment banking services. As of now, JPMorgan is the world's fifth-largest bank by assets.?
Capital One Financial Corporation is well-known as a bank holding company based in Tysons, Virginia, United States. Founded on 21 July 1994 by Richard Fairbank and Nigel Morris, it serves in the U.S., U.K., and Canada. The company focuses on financial services such as auto loans, savings accounts, credit cards, etc. Capital One has about 750 branches and 2,000 ATMs across its areas.? In 1996, the company expanded its operations to Canada and the U.K. to provide its credit card services internationally. In 1998, it acquired Summit Acceptance Corporation, an auto financing company. In 2005, Capital One acquired Hibernia National Bank to enter the retail banking business and stand out as the first monoline credit card company.?
Fannie Mae, or the Federal National Association company, is known as Fannie Mae. This company is a U.S. government-sponsored enterprise and has been a publicly traded company since 1968. It was founded in 1938 amid the great depression. The Fannie Mae company decided to securitize mortgage loans as mortgage-backed securities to expand their secondary mortgage market. Fannie Mae is one of the largest financial services company in the United States, and the fifth largest company worldwide in terms of assets. Furthermore, Fannie Mae was ranked 27 on the Fortune 500, by revenue, and 58th on the Fortune Global 500 of the global corporations by revenue. Overall, Fannie Mae ranked 15th as the United States most profitable company and 33rd most profitable company across the world.
American International Group (AIG) is a prominent finance and insurance company based in New York City, United States. It was founded on 19 December 1919 by its founder, Cornelius Vander Starr. The company operates worldwide and offers a range of insurance and loan services. AIG provides each type of insurance, such as general insurance, health insurance, life insurance, home insurance, vehicle insurance, mortgage loans, investment management, etc.? AIG owns offices worldwide and is also ranked 60th on the Fortune 500 list. In 2018, the company sponsored the Women?s British Open, and in 2022, its life and retirement business unit, Corebridge Financial, started operating individually on the NYSE (New York Stock Exchange).?
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