Investment banks – additional information
In 2016, JP Morgan Chase & Co. topped a ranking of the leading investment banks worldwide, in terms of revenue. The American, multinational bank which was formed in 2000, when Chase Manhattan Corporation merged with JP Morgan & Co. generated approximately 5.93 billion U.S. dollars in its 16th operating year. In comparison, Goldman Sachs, reported the revenue of 4.85 billion U.S. dollars for the same year.
When it comes to a ranking of the leading private banks worldwide in 2015, by assets under management, JP Morgan Chase & Co. was ranked seventh with 437 billion U.S. dollars. UBS, on the other hand, founded in Switzerland in 1854, lead the ranking with approximately 1.74 trillion U.S. dollars of assets under management.
Wells Fargo Bank was the leading employer in the U.S. banking market, with more than 235 thousand people employed in 2016. JP Morgan Chase was ranked second, with 184.48 thousand employees.