JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. The Company is a global financial services firm and a banking institution in the United States, with global operations. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. JPMorgan Chase�s principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national bank with the United States branches in 23 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national bank that is the Company�s credit card-issuing bank. JPMorgan Chase�s non-bank subsidiary is J.P. Morgan Securities LLC (JPMorgan Securities), the Company�s the United States investment banking firm. In June 2012, the Company�s asset management business created a new unit.