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Why Morgan Matters

In: JPMorgan’s Fall and Revival

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  • Nicholas P. Sargen

    (Nicholas Sargen Advisory LLC)

Abstract

This chapter begins with a brief retrospective of what happened to Morgan from the late 1970s to early 2000s. It considers whether Morgan could have stayed independent had it followed the plan of making selective acquisitions. It also views what happened in the context of the transformation in the financial services industry in which the number of money center banks shrank from ten to three—JPMorgan Chase, Bank of America and Citibank. The consolidation in financial services would prove to be a precursor to the 2008 Global Financial Crisis, and this chapter considers whether the largest institutions today are “Too Big to Fail” or “Too Big to Manage.” This book concludes with an assessment of JPMorgan’s revival under Jamie Dimon and the prospects for it remaining a premier financial institution in the future.

Suggested Citation

  • Nicholas P. Sargen, 2020. "Why Morgan Matters," Springer Books, in: JPMorgan’s Fall and Revival, chapter 22, pages 217-230, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-47058-6_22
    DOI: 10.1007/978-3-030-47058-6_22
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