Was J.P. Morgan Chase The Last Money-Center?
- Resource Type
- Article
- Authors
- Rieker, Matthias
- Source
- American Banker; 7/12/2004, Vol. 169 Issue 132, p7-11, 5p, 2 Graphs
- Subject
- BANK mergers
BANKING industry
AMERICAN business enterprises
- Language
- ISSN
- 00027561
Argues that the merger of Bank One Corp. and J.P. Morgan Chase & Co. may signal the end of the money-center bank era. Definition of the money-center bank and its variances; Comment from Thomas B. Michaud, vice chairman and CEO at Keefe, Bruyette & Woods, Inc. on the passage of money-centered banks; Fate of former money-centered banks listed by those that merged and those that were taken over; Belief that the banking industry is better for the change.