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Company interview information Essay Example

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Company interview information

There would be innumerable advantages of working in this company, I hardly see any disadvantages.The oldest financial services in the world is without a doubt JP Morgan Chase, it has its presence in well over 60 countries. They are the leaders in investment banking, wealth management and a host of other services. The biggest change that ever took place in the history of the financial institutions was the merger with Bank One. This change primarily took place because the other banks like the Bank of America were almost ready to merge with other big banks like FleetBoston. This merger took place because the financial institutions came under increasing pressure during the time of recession. The announcement of this merger was made on 14 January 2004. The Wall Street reacted very positively because of this merger and the NASDAQ witnessed growth soon after the merger took place.This change took place because the two financial institutions wanted to downsize and cut the deadwood out. The aim was to save about $2.2 billion over three years and it was planned to eliminate as many as 10,000 people. This again goes to show how desperate even the biggest financial institutions were at the time of recession. Mergers and acquisitions were very common and these overtures were the initial signs which showed that almost all the big financial institutions were panicking. Volatile corporate banking was the major factor on which JP Morgan primarily functioned.“Wall Street analysts generally praised the merger, and investors climbed on board. Typically, the shares of the acquirer fall, reflecting the cost of the acquisition. In this case, investors are signaling they believe the combined company will make up for that cost by holding the shares in the $39-$40 range, about where they were before the deal was announced. Morgan has been on a roll, with its shares up about 74% in the past 12 months.” (JP Morgan Chase)The investors looked less enthusiastic with the deal between Bank of America and Fleet-Boston. This deal was for a whopping $48 billion. The shares of Fleet-Boston were driven up as a result of this deal because Bank of America offered 40% premium in this deal. The shares of Bank of America however came down and the investors lost a lot of money consequently. Big mergers take place because both the companies involved

Works Cited

JP Morgan Chase (2004). Finance and Investment. Retrieved from: <http://www.wharton.universia.net/index.cfm?fa=viewArticle&id=727&language=english>

Reliance Comm (2012). In Reliance Watch. Retrieved from: <http://reliancewatch.wordpress.com/tag/anil-dhirubhai-ambani-group/>

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preview essay on Company interview information
  • Pages: 4 (1000 words)
  • Document Type: Essay
  • Subject: Marketing
  • Level: Ph.D.
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