Abstract

The case describes two major mergers in the global banking industry. These are JP Morgan and Chase Manhattan and JP Morgan Chase and Bank One merger which resulted in the formation of JP Morgan Chase & Company. The case explains the rationale for these mergers and puts forth the details of each merger. It describes the problems encountered during the merger between JP Morgan and Chase Manhattan and debates on the future success of JP Morgan Chase and Bank One merger.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Study the rationale behind mergers in the global banking industry
• Examine the problems faced during the JP Morgan and Chase Manhattan merger
• Analyze the synergies in the JP Morgan Chase and Bank One merger
• Understand the reasons why mega-mergers fail.

Keywords

JP Morgan, Chase Manhattan, Bank One, Mergers and Acquisitions, Financial Services, Retail Banking, Merger Problems, Cultural Mismatch, Merger Integration, IT Synergies