History
J.P. Morgan in Canada
Timeline: Beginnings in Canada | 1960–1979 | 1980–1999 | 2000–Present
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2010: |
J.P. Morgan grows the Natural Resources Group by investing in senior team members covering Oil & Gas in Calgary and covering Canadian Metals & Mining in Toronto |
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2009: |
J.P. Morgan establishes an office in Calgary through the acquisition of UBS Commodities Canada Ltd., expanding our global commodities business into the Canadian natural gas, power, and crude oil physical and financial markets |
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2006: |
J.P. Morgan Securities Canada Inc. becomes a participating organization of the Toronto Stock Exchange |
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2005: |
JPMorgan Chase acquires Sears Canada credit card portfolio – Canada’s third-largest – for C$2.5 billion |
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2004: |
JPMorgan Chase merges with Bank One Corp. in a US$58 billion deal to provide investment banking, consumer banking and commercial banking services as well as to increase Treasury & Securities Services activity |
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2003: |
J.P. Morgan Securities Canada Inc. becomes a member of the Canadian Derivatives Clearing Corp. and a clearer of futures and options transactions on the Canadian exchanges |
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2001: |
Chase Manhattan Bank merges with Morgan Guaranty Trust Company of New York, forming JPMorgan Chase Bank |
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2000: |
J.P. Morgan is one of the first foreign banks to receive approval to establish a bank branch in Canada |
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1997: |
J.P. Morgan opens our office in Montreal |
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1996: |
Chemical Banking Corp. merges with Chase Manhattan Corp. in a US$10 billion deal, creating what was then the largest bank holding company in the U.S. |
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1994: |
J.P. Morgan establishes asset management business in Canada |
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1988: |
J.P. Morgan Securities Canada Inc. is the first U.S. securities subsidiary established in Canada |
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1982: |
Chase Manhattan Canada Ltd. receives charter as a Canadian bank |
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1981: |
Morgan Bank of Canada is the first foreign bank established in Canada after changes to the Bank Act |
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1980: |
J.P. Morgan of Canada Ltd. acts as the lead manager and co-agent for the province of Quebec’s C$400 million, five-year credit offering – the first major syndicated financing to a Canadian borrower entirely by a subsidiary of a foreign bank |
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1974: |
J.P. Morgan of Canada Ltd., a wholly owned subsidiary, opens an office in Toronto to extend short- and medium-term credit |
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1973: |
Chase Manhattan Bank Holdings, a Chase Manhattan Bank subsidiary, opens headquarters in Toronto |
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1970: |
Chase Manhattan Bank, other foreign banks and the Royal Bank of Canada form the Orion Banking Group, a consortium for medium-term lending and merchant banking |
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1965: |
J.P. Morgan establishes a representative office in Toronto |
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1959: |
David Rockefeller, Chase Manhattan Bank chairman, begins traveling to Canada in order to explore opportunities |
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1949: |
Chase Manhattan Executor and Trustee Corp. Ltd., a subsidiary of Chase National Bank, opens an office in Toronto – the first physical presence in the country |
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Late 19th and early 20th centuries: |
J.P. Morgan offices in London and the U.S. invest in Canadian railroads, industries and municipalities |
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