Premium Essay

Jp Morgan Chase

In:

Submitted By Lionette
Words 998
Pages 4
-------------------------------------------------
Report on Religious Field Research

By:
Lionette C. Alston
Religion 212

Strayer University
White Marsh Campus
March 18, 2013

Religious Field Research
Religion may be defined as a way of life. Religion has a variety of features. This is why often misconceptions of some religions are formed. Normally through observations and research some of the misconceptions may be corrected. Recently, I interviewed two Muslims that are married they were both converted into the Islam religion. They both have been living as Muslims for over 20 years. After our interview, I had a better understanding of the Islam religion. The religion is Islam. A person that consciously follows Islam is called a Muslim. One major misconception that I had about the Islam followers is that they were confrontational. I have always viewed the Muslims as a group of aggressive people that communicated with their fist. I also thought that they only socialized amongst each other. However, I was wrong.
Islam comes from the Arabic root word meaning “peace” and submission”. Islam teaches that an Islam follower can only find peace by submitting to Allah through the heart and soul. Allah is the Almighty God, God the Creator, the Compassionate and the Sustainer. “Salaam Alaykum” a term that is used amongst Muslims which means peace be with you. The Islam religion guides towards practical ways of achieving righteousness and eliminating evil from individual/s lives. Human nature and the complexities of human society are also considered by the followers of Islam.
Another huge misconception about Islam, as regards to their followers. Arabs of the Middle East are usually associated with Islam. In the Middle East only 10% of Muslims are Arab. Muslims are all over the world. They consist of people of every, nation, color, and race. Islam is

Similar Documents

Free Essay

Jp Morgan Chase

...and all subsidiaries or strategic business units JP Morgan Chase & Company is a global financial institution that operates in more than 60 countries and the largest U.S bank in terms of assets with over $2,400 trillion as of September 2013. (Benoit, 2013) JP Morgan Chase is considered a public holding company because it owns several companies outstanding stock. The JP Morgan & Chase Co. was formed after the merger of two previously formed major banking institutions; Chase Manhattan Corporation and J.P Morgan & Co (J.P Morgan Chase & Co, 2014). It was ranked by Forbes magazine as the fourth largest public company in the world. (Murphy, 2014) In addition to this as of 2011 the hedge fund unit , which refers to a rather complex investment type, is the second largest hedge fund in the US only being out won by Bridgewater Associates. (Unknown , 2010).Commercial and consumer banking in the U.S operates under the Chase Banking Brand while JP Morgan services global corporations, institutional investors, wealthy individuals and governments throughout the world. II. Historical perspective on the organization Founded in 1799 by its predecessors in New York City, JP Morgan Chase is one of the oldest and largest financial institution in the world (JP Morgan Chase & Co, 2014). Over 1,000 companies combined throughout the years in order to form JPMorgan Chase & Co. Major firms includes J.P. Morgan, Chase Manhattan, Chemical, Manufacturers Hanover and Bank...

Words: 1743 - Pages: 7

Premium Essay

Jp Morgan Chase

...A federal agency such as (SEC) U.S. Securities and Exchange Commission is responsible for making sure they are enforcing the federal securities set forth. In order for this agency to be active in enforcing these laws Congress allows the agency to bring Civil enforcement actions against anyone whether a company or individual who has committed accounting fraud. By providing false information or any other violations of the securities law SEC makes it a requirement that people or companies submit quarterly and annually reports. These reports shows the SEC what your companies plan is for now and the future in regards to goals or any special projects you have in mind. Reports given to the SEC are posted where the public has access to all the information. There is always someone watching out for fraud from companies and as soon as the wrong information is given or the company is caught committing fraud, basically the SEC is notified and an investigation is done at that time. Please note there are five divisions with the SEC, Corporation Finance, Trading and Markets, Investment Management, Enforcement and Risk, Strategy, and Financial Innovation so SEC is always working hard to make sure laws are not broken. The SEC stated that the securities firm’s former officials, acting as agent for the bank engaged in rigging bids for guaranteed investment for contracts during the time of 1997-2005 in connection with $14.3 billion of muni bonds. There are certain elements for contracts...

Words: 959 - Pages: 4

Premium Essay

Jp Morgan Chase

...JP Morgan Chase Katherine Phillips Timothy Kellum Business Law/LEG 100 March 8, 2013 JP Morgan Chase announced a trading loss from investment decisions made by three managers that was in the Chief Investment Office (CIO) of 5.8 billion. Those three men were let go soon after and could lose at least two years of income. The traders involved were also let go from the bank with no severance. The CEO Jamie Dimon commended the Ina Drew who was over the office and Dimon volunteered to give two years’ of pay. Drew retired after the trades were exposed. The Securities and Exchange Commission (SEC) enforces the Securities Act of 1933 and 1934. Act 34 consists of disclosure requirements for public companies. Act 34 requires companies to file quarterly and annual financial statements and other documents with the SEC. The documents are publicly available through the SEC database. The documents have to be accurate and represent the company’s financial position and operations. The four elements of a valid contract are capacity, offer and acceptance, consideration and compliance with the law and public policy. The duty of good faith and fair dealing in the banking relationship is a general belief to a contract that will treat each other honestly, fairly and in good faith. It is done either verbal or written. The breach of the contract will result in a lawsuit and the courts decide the disputes between parties to contracts. Intentional tort is a civil wrong doing...

Words: 687 - Pages: 3

Premium Essay

Jp Morgan Chase

...idea a working business. This paper will provide a comprehensive analysis into one of the largest financial institutions in the United States JP Morgan Chase and Company. These topics include the following: 1. The History of the firm. 2. The Environment of the Business. 3. The Business operations tactics of the firm. 4. The Human Capital of the firm. 5. The Marketing and Pricing tactics of the firm. 6. The Distribution and Promotional tactics of the firm. 7. The Investor Relations of the firm. Business History Whether, it’s John D. Rockefeller and The Standard Oil Company, Andrew Carnegie and Pittsburgh steel industry, or the railroad tycoon Cornelius Vanderbilt. Most of us in business are truly fascinated by the accomplishments of individuals and the companies they founded that became such great American institutions of finance and industry. So we as spectators and future entrepreneurs always want to know the four W’s when inquiring about the origins of a great businesses such as the aforementioned. Who, What, When, Why? But we also want the most important HOW? How did they become titans of industry that they are. Provided in this topic will be answers to these questions and more in this description of JP Morgan Chase and Company. The origins of JP Morgan Chase can be traced back to the late 1790’s when then United States Senator Aaron Burr founded The Bank of The...

Words: 6220 - Pages: 25

Free Essay

Jp Morgan Chase

...JPMorgan Chase. Chartered in 1799, JPMorgan Chase which began as The Manhattan Company was founded by Aaron Burr. Ranked number 16, JPMorgan Chase is a Fortune 500 company that offers financial solutions to clients in more than 100 countries. Having $2.5 trillion in assets and $108 million in revenue; JPMorgan Chase is the largest bank in the United States and has been in business for more than 200 years. Services provided by JPMorgan Chase are asset management, investment banking, private banking, treasury and security, and commercial banking. During the summer of 2012, the Security Exchange Commission (SEC) decided to investigate JPMorgan Chase after reports came out that a London-Based trader had been taking sizeable bets that distorted the market possibly causing the firm a $2 billion or more. JPMorgan Chase provided false reports about the trading loss stating that there were trading losses from investment decisions made by its Chief Investment Office (CIO) in the amount of $5.8 billion. On September 19, 2013, the Securities and Exchange Commission today charged JPMorgan Chase & Co. with misstating financial results and lacking effective internal controls to detect and prevent its traders from fraudulently overvaluing investments to conceal hundreds of millions of dollars in trading losses (U.S. Securities and Exchange Commission, 2013). JPMorgan Chase agreed to pay $200 million and admitted to the wrongdoings to settle charges with the SEC. Security Exchange Commission...

Words: 1516 - Pages: 7

Free Essay

Jp Morgan Chase & Co.

...Information About JP Morgan Chase & Co. JP Morgan Chase & Co. is one of the oldest and well-known banks of USA, its earliest predecessor founded in 1799. Its major predecessors – JP Morgan, Chase Manhattan, Chemical, Manufacturers Hanover, Bank One, First Chicago, and National Bank of Detroit. JP Morgan today: ● Global financial services firm with assets of $2.3 trillion. ● Is a leader in investment banking, financial services for consumers, and small businesses, commercial banking. ● Operates in more than 60 countries. ● Has more than 240,000 employees. ● Serves millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients. JP Morgan Chase & Co. History Key bank merges which shaped JP Morgan & Chase Co. as today: ● In 1991, Manufacturers Hanover Corp. merged with Chemical Banking Corp. ● In 1995, First Chicago Corp. merged with NBD Bancorp. ● In 1996, The Chase Manhattan Corp. merged with Chemical Banking Corp. ● In 1998, Banc One Corp. merged with First Chicago NBD ● In 2000, J.P. Morgan & Co. Incorporated merged with The Chase Manhattan Corp. ● In 2004, Bank One Corp. merged with J.P. Morgan Chase & Co. ● In 2008, JPMorgan Chase & Co. acquired The Bear Stearns Companies Inc. ● In 2010, J.P. Morgan acquired full ownership of its U.K. joint venture, J.P. Morgan Cazenove JP Morgan Chase & Co. Recent Issues JP Morgan Chase & Co. serves its...

Words: 669 - Pages: 3

Premium Essay

Jp Morgan Chase Essay

...chose a multinational banking and financial service provider company, JP Morgan Chase, which was enlisted as the 2nd most profitable company in 2015. According to Fortune 500 list, JP Morgan Chase & CO managed to become the largest bank in the U.S, the title that was previously owned by Bank of America. In addition to Chase's expansion, the corporation surpassed Wells Fargo in yearly earnings and was named as the nation's most profitable bank (Shi, 2016). Chase's recent expansion and success go hand in hand with the initiatives that the corporation is upholding. Some of the strengths of the financial services company include strong brand name, good financial position, and visibility. As the industry statistics confirm Chase remains to be the only bank along with Discover to maintain the good financial position, showing highest sales, market value and assets especially after recovering from the financial recession....

Words: 438 - Pages: 2

Free Essay

Andersen

...Transcripción de Andersen : Una obstrucción de la justicia ? Andersen : Una obstrucción de la justicia ? David Duncan fue el testigo principal en el caso Andersen. Él triturar los documentos que son necesarios para la investigación de la SEC . mientras que Nancy Temple era el consejo legal y abogado en el departamento jurídico de la Anderson. Ella ordenó David Duncan para destruir todos los documentos relacionados con Enron con el fin de estar a salvo en la investigación. Por lo tanto Nancy Temple era más responsable de la Andersen SEC y el Departamento de Justicia que han intentado ANDERSEN AS FIRME Y también debe tener como objetivo a individuos concreta realizada ACTOS ILÍCITOS . En opinión del tribunal , las instrucciones eran demasiado vagas para permitir que un jurado para encontrar realmente había ocurrido la obstrucción de la justicia. El tribunal consideró que las instrucciones fueron redactadas de tal manera que Andersen pudo haber sido condenado sin prueba alguna de que la empresa sabía que había violado la ley o que no había habido un enlace a cualquier procedimiento oficial que prohibía la destrucción de documentos. A pesar de la condena de Andersen fue anulada , no creemos que los empleados de Andersen actuaron de una manera ética en el caso de la fiscalía principales socios en la oficina de Andersen Chicago habían permitido Enron utilizar prácticas contables agresivas que eran cuestionables , dada la naturaleza de los negocios de Enron. 2 . Los temas...

Words: 1361 - Pages: 6

Premium Essay

JP Morgan Chase Case Study

...J P Morgan is one of the well known Companies headed in US and provides financial services to most of the countries. The company involves in investment banking, treasury services, investment management, private banking, wealth management and commercial banking services. In earlier 2014, JP Morgan Chase experienced in theft of 83 million customer records from JPMorgan Chase & Co (JPM.N) in a massive cyber attack. This includes 76 million individual customers as well as 7 millions corporate customers’ personal details. The hackers used the customer information to send emails to customers purporting to be from JPMorgan Chase. Links embedded in those emails could be used to con customers out of their passwords, a practice known as "phishing." This...

Words: 893 - Pages: 4

Free Essay

Caso de Estudio: Sears. Roebuck and Co. vs. Wall-Mart Stores, Inc.

...vemos que la estrategia de Walmart es mantener los costos de producción lo más bajos posibles, para de la misma manera, mantener los precios de ventas menos elevados que la competencia. Esto se ve reflejado en su lema “Precios bajos todos los días”. Por otra parte, Sears optó por una reorientación de su mezcla de productos, para aumentar las ventas apelando a una clientela objetivo de clase media, es decir, busca diferenciarse en términos de exclusividad. Esto se ve reflejado en el lema: “Venga y vea el lado más elegante de Sears”. La segunda diferencia tiene que ver con las facilidades de pago, específicamente, el crédito. Por una parte Sears administra su propia tarjeta de crédito, en cambio la tarjeta de Wal-Mart era emitida por el Chase Manhattan Bank y el riesgo de no pago era asumido por el mismo. Esto afecta los resultados de ambas empresas, por un lado Sears maneja las cuentas por cobrar como ventas, las que puede se las vende a terceros, donde ellos asumen el cobro de ellas, y las restantes las asume Sears como intereses retenidos en su balance general, aumentando sus activos. Como vemos en el Anexo 9, Wal-Mart, por su externalización del crédito no cuenta con intereses retenidos por cuentas por cobrar en su balance general, lo...

Words: 1676 - Pages: 7

Free Essay

Jp Morgan Chase Settles the London Whale

...IRAC Brief: JP Morgan Chase Settles the London Whale This is a case study analysis of a current legal case regarding the governance principles of regulatory compliance and the methods used to manage risk arising. The briefing of this case will utilize the IRAC method of case analysis to give a breakdown on the case of JP Morgan Chase on regulatory violations and risk management. The IRAC method will address I - Issue, R - Rule, A - Analysis, and C - Conclusion which will provide a researched assessment of the trading loss violations on this case. Please read and review this analysis of the case utilizing IRAC method of case analysis. Issue JP Morgan Chase permitted traders in its London office to allocate magnified values to transactions and cover up huge losses as they continued to explode. Two traders could face criminal charges for fabricating records to cover up losses. JP Morgan’s charge to the $6 billion oversight in trading loss is the first for a main company since the Securities and Exchange Commission revised its practice of letting firms pay fines without admitting fault. An admission by JPMorgan could provide a pattern for pursuing other admissions in Wall Street cases. The Justice Department is aggressive in getting JPMorgan to admit that from 2005 to 2007, it sold mortgage securities to investors without fully warning of the risks. By wanting the bank to admit some responsibility, officials hope it will caution other corporations to double check before taking...

Words: 880 - Pages: 4

Premium Essay

Jp Morgan Chase Executive Summary

...On Friday, JPMorgan Chase (JPM) and other banks will be among the first big US corporations to report earnings. The financial sector has recorded some of the largest increases in estimated growth since the start of the quarter. Analysts now expect the financial sector to post a 20% increase on the bottom line, according to Factset. Most of that comes from upward revision activity for JPMorgan Chase and Bank of America (BAC), the two largest contributors to the financial sector. The current environment plays right into the hands of financial institutions. Rising rates, tax reform, and volatile markets are all tailwinds for earnings which depend on net interest margins and revenue from trading activity. But it’s possible these factors have already been baked into share prices and anything short of triple-digit growth will punish the sector. The market’s response is just as important as the actual report and will set the tone for the rest of earnings...

Words: 677 - Pages: 3

Free Essay

Stock Valuation: Bank of America and Jp Morgan Chase

...STOCK VALUATION – Bank of America & JP Morgan Chase The 1997 Asian financial crisis made several economic concepts clear: (1) a nation's financial sector is a critical aspect of its macroeconomic stability; and (2) financial systems are important for maintaining order in the international financial sector. Some experts have stated that the 2014 outlook of the global economy is very positive. However, these same experts also clarified their statements, making it clear that risks are still present. There is a prognosis that there will be volatility in 2014. The implementation of financial market reform policies has been good, but these markets have not yet reached the level where reforms need to be. Therefore, a major reform in the financial sector is now necessary in all parts of the world. Haruhiko Kuroda, Bank of Japan Governor, said that the Japanese economy is doing well; this is due to the fiscal stimulus, monetary easing and structural reforms. He believes that a 2% interest rate is achievable in 2 years. He is optimistic, because the United States (US) economy will grow and Europe is recovering. That is a good sign that economies will grow and accelerate. But he also talked about the fact that there are some possible risks ahead. (Huroda, 2014) Wolfgang Schäuble, Federal Minister of Finance of Germany, stated that the euro is becoming more stable every day. He also said that the Eurozone performed much better than expected. Finally, he said that the...

Words: 3397 - Pages: 14

Premium Essay

Advanced Fin Statement Analysis

...J P MORGAN CHASE Vs. CITIGROUP TO : PROF FRANK OWARISH BY : RAYAN SEQUEIRA ZHOUXIA WANG HOMAR WRIGHT DARA SIU WAN HO TABLE OF CONTENTS EXECUTIVE SUMMARY 3 INDUSTRY BACKGROUND 4 COMPANY PROFILE 6 RATIO ANALYSIS 8 ANALYSIS OF OPERATING ACTIVITIES 9 ANALYSIS OF INVESTING ACTIVITIES 11 ANALYSIS OF FINANCING ACTIVITIES 13 COMMON SIZE ANALYSIS 19 DEBT AND EQUITY FINANCING 20 INDUSTRY STANDARDS 22 FUTURE PROSPECTS 23 CONCLUSION 26 REFERENCES 27 APPENDIX 28 Page 2 of 33 EXECUTIVE SUMMARY The financial statement analysis of JP Morgan Chase and Citigroup has been conducted and compared with each other to understand how one is performing in relation to the other. Further, the two companies are also compared against the industry standards to know their positions. Since the two companies operate in the banking industry, they have similar components in their financial statements, which facilitate better comparison of their financial health. For the purposes of the analysis, we have considered the cash flow statements, balance sheet, income statement and the notes to the 10K. Further, the ratio analysis has also been conducted to assess its financial efficiency. JP Morgan Chase used in approximately $3.752 billion cash in its operating activities while the Citigroup provided for $35.686 billion cash for its operating activities. In terms of the investing activities JP Morgan...

Words: 6673 - Pages: 27

Premium Essay

Jp Morgan

...Table Of Contents Brief Company Information Brief History and Company Information----------------------------------------------------------- 2 Mission and Vision Statement------------------------------------------------------------------------3 Industry and Competitive Analysis Industry Dominant Economic Features-------------------------------------------------------------4 Porter’s Five Competitive Factors-------------------------------------------------------------------4 Key Success Factors-----------------------------------------------------------------------------------6 Driving Forces------------------------------------------------------------------------------------------8 Industry Competitors-----------------------------------------------------------------------------------9 Strategic Map-------------------------------------------------------------------------------------------10 Strategic Position Hambrick Model---------------------------------------------------------------------------------------12 SWOT Analysis----------------------------------------------------------------------------------------14 Company Competitive Strategy----------------------------------------------------------------------17 Leadership and Corporation Culture-----------------------------------------------------------------19 Company Resources and Competencies-------------------------------------------------------------21 Competitive Strength Assessment-------------------...

Words: 5898 - Pages: 24