France

History in France

J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years and we keep their interests foremost in our minds at all times. This combination of product strength, intellectual capital and character sets us apart as an industry leader.Learn more about J.P. Morgan's history globally.

Key Moments in J.P. Morgan's History

Timeline: 1799 - 1890s | 1900s - 1910s | 1920s - 1970s | 1980s - Present
 

1980s - Present

   

2008:

J.P. Morgan plays an important role in helping manage the credit crisis through the acquisition of Bear Stearns.

 


1920s - 1970s

 
   

1945:

Morgan & Cie Inc. incorporates after 77 years as a partnership.

 
     

Guaranty Trust office moves to 4, Place de la Concorde, where it occupies the Hotel Coislin.

 
   

1928:

Chase National opens a representative office in Paris, and Equitable moves its branch to 41 Rue Cambon.

 
   

1927:

Firm becomes Morgan & Cie.

Central Union Trust Co. (a predecessor firm) opens a representative office at 22, Place Vendome.

 

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 1900s - 1910s

   

1917:

Guaranty Trust Co. opens Paris office at 1 and 3 Rue des Italiens.

 
   

1916:

14, Place Vendome is bought by J.P.Morgan & Co. and the office opens a year later.  The building was designed by architect Jules Mansard and erected in the 17th century. The façade is designated a national monument.  This building has been owned and occupied by J.P. Morgan since 1919.

 
   

1915:

During WWI, J.P. Morgan & Co. arranges the biggest foreign loan in Wall Street history – a $500 million dollar Anglo-French loan – and acts as purchasing agent for the Allies in the United States.

 
   

1910:

Equitable Trust Company (which merges with Chase National Bank in 1930) opens Paris branch on the Rue de la Paix, becoming the first American bank branch on the European continent.

 

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 1799 - 1890s

   

1895:

Firm becomes Morgan, Harjes & Cie — J. Pierpont is senior partner.

 
   

1895:

Pierpont Morgan grants a loan of 250 million gold francs to Gambetta after the Sedan defeat.

       
   

1868:

Anthony Drexel, a Philadelphia banker, opens the Paris branch of his firm on Blvd. Haussmann. It operates as a partnership — Drexel Harjes —  and J. Pierpont Morgan becomes a partner. 

 
   

1848:

The Waterbury Bank opens, a predecessor of the Chase Manhattan Bank.

 
   

1824:

The Chemical Bank is established.

 
   

1799:

The Manhattan Company, the firm's earliest predecessor institution, is chartered.

     

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