Difference between revisions of "JP Morgan"
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==People== | ==People== | ||
*[[Ian Hannam]] - global chairman of equity capital markets who stepped down in April 2012 to concentrate on fighting a £450,000 fine by the [[Financial Services Authority]] for market abuse related to passing on inside information to a client. <ref>Brooke Masters, Javier Blas and Ben Fenton in London, [http://www.ft.com/cms/s/0/f7ba2714-7d70-11e1-bfa5-00144feab49a.html#ixzz1qyYuk7Ur Mining banker fined for market abuse], ft.com, 3 April 2012, accessed same day </ref> It was announced that Hannan would however remain at JP Morgan until he had completed the £50bn merger between [[Glencore]] and [[Xstrata]] expected to close by the end of summer 2012.<ref name="top"> Helia Ebrahimi, [http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9182886/Top-JP-Morgan-banker-Ian-Hannam-resigns-over-450000-fine-for-market-abuse.html Top JP Morgan banker Ian Hannam resigns over £450,000 fine for market abuse], The Telegraph, 03 Apr 2012, accessed same day </ref> | *[[Ian Hannam]] - global chairman of equity capital markets who stepped down in April 2012 to concentrate on fighting a £450,000 fine by the [[Financial Services Authority]] for market abuse related to passing on inside information to a client. <ref>Brooke Masters, Javier Blas and Ben Fenton in London, [http://www.ft.com/cms/s/0/f7ba2714-7d70-11e1-bfa5-00144feab49a.html#ixzz1qyYuk7Ur Mining banker fined for market abuse], ft.com, 3 April 2012, accessed same day </ref> It was announced that Hannan would however remain at JP Morgan until he had completed the £50bn merger between [[Glencore]] and [[Xstrata]] expected to close by the end of summer 2012.<ref name="top"> Helia Ebrahimi, [http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9182886/Top-JP-Morgan-banker-Ian-Hannam-resigns-over-450000-fine-for-market-abuse.html Top JP Morgan banker Ian Hannam resigns over £450,000 fine for market abuse], The Telegraph, 03 Apr 2012, accessed same day </ref> | ||
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| + | ==Lobbying== | ||
| + | JP Morgan spent $6.3 million on lobbying the US government in Washington in 2014. Compared to the $4.8 million spent by [[Morgan Stanley]] and $3.4 million spent by [[Goldman Sachs Group]].<ref> Duncan Robinson and Tom Braithwaite [http://www.ft.com/cms/s/0/725f92f6-edbc-11e4-987e-00144feab7de.html#axzz3YgdESCM1 Goldman Sachs’ reported spending on EU lobbying rises 14-fold] ''Financial Times'', 28 April 2015, accessed 29 April 2015.</ref> | ||
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| + | In 2014 the bank also hired: [[Brownstein, Hyatt et al]] for $120,000, [[Capitol Counsel]] for $140,000, [[Clark, Geduldig et al]] for $120,000, [[Fierce, Isakowitz & Blalock]] for $240,000, [[Glover Park Group]] for $50,000, [[Jones Walker]] LLP for $80,000, [[K&L Gates]] for $240,000, [[Lawrence J Romans & Assoc]] for $80,000, [[McBee Strategic Consulting]] for $100,000, [[Monument Policy Group]] for $120,000, [[Nappi & Hoppe]] for $120,000 , [[Triangle Assoc]] for $0 and [[Walter Group]] for $50,000. Amounting to 62 lobbyists for the bank including three former congressman and 53 from the revolving door.<ref> Center for Responsive Politics [https://www.opensecrets.org/lobby/clientlbs.php?id=D000000103&year=2014 Lobbyists representing JPMorgan Chase & Co, 2014], accessed 29 April 2015.</ref> | ||
==Donations== | ==Donations== | ||
Revision as of 10:13, 29 April 2015
JP Morgan is part of JPMorgan Chase & Co. 'a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 countries... JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands.'[1]
Contents
UK investment banking division
JP Morgan Cazenove became a wholly-owned part of J.P. Morgan in 2010, having originally operated as a joint venture between J.P. Morgan and the UK investment bank Cazenove.
It is the marketing name for the UK investment banking businesses and EMEA cash equities and equity research businesses of JPMorgan Chase & Co. and its subsidiaries. It says it:
- offers corporate, institutional and hedge fund clients a full-service Cash Equities platform across Europe, the Middle East and Africa. It provides Cash Equities solutions spanning Sales and Trading, Special Situations, Electronic Client Solutions and Commission Management.[2]
People
- Ian Hannam - global chairman of equity capital markets who stepped down in April 2012 to concentrate on fighting a £450,000 fine by the Financial Services Authority for market abuse related to passing on inside information to a client. [3] It was announced that Hannan would however remain at JP Morgan until he had completed the £50bn merger between Glencore and Xstrata expected to close by the end of summer 2012.[4]
Lobbying
JP Morgan spent $6.3 million on lobbying the US government in Washington in 2014. Compared to the $4.8 million spent by Morgan Stanley and $3.4 million spent by Goldman Sachs Group.[5]
In 2014 the bank also hired: Brownstein, Hyatt et al for $120,000, Capitol Counsel for $140,000, Clark, Geduldig et al for $120,000, Fierce, Isakowitz & Blalock for $240,000, Glover Park Group for $50,000, Jones Walker LLP for $80,000, K&L Gates for $240,000, Lawrence J Romans & Assoc for $80,000, McBee Strategic Consulting for $100,000, Monument Policy Group for $120,000, Nappi & Hoppe for $120,000 , Triangle Assoc for $0 and Walter Group for $50,000. Amounting to 62 lobbyists for the bank including three former congressman and 53 from the revolving door.[6]
Donations
Lobbyists
Former lobbyists
Resources
Notes
- ↑ About us, accessed 27 February 2008
- ↑ J.P. Morgan Cazenove, accessed 27 February 2008
- ↑ Brooke Masters, Javier Blas and Ben Fenton in London, Mining banker fined for market abuse, ft.com, 3 April 2012, accessed same day
- ↑ Helia Ebrahimi, Top JP Morgan banker Ian Hannam resigns over £450,000 fine for market abuse, The Telegraph, 03 Apr 2012, accessed same day
- ↑ Duncan Robinson and Tom Braithwaite Goldman Sachs’ reported spending on EU lobbying rises 14-fold Financial Times, 28 April 2015, accessed 29 April 2015.
- ↑ Center for Responsive Politics Lobbyists representing JPMorgan Chase & Co, 2014, accessed 29 April 2015.
- ↑ Cherie Blair Foundation Donors and partners, accessed 30 March 2015
- ↑ APPC Register Entry for 1 Dec 2011 to 29 Feb 2012
- ↑ Register 1st September 2014 - 30th November 2014 APPC, accessed 28 January 2015
- ↑ Register Entry for 1 March 2008 to 31 May 2008 APPC, accessed 28 January 2015
