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The project was bankrolled by J.P. Morgan & Co., led by financier J. P. Morgan. The company also had working profit-sharing relationships with the German Hamburg-Amerika and the North German Lloyd lines. The trust caused great concern in the British shipping industry and led directly to the British government's subsidy of the Cunard Line's new ...
Douglas 'Sandy' Warner (born June 9, 1946, as Douglas Alexander Warner III but widely known as "Sandy") is an American banker who joined Morgan Guaranty Trust Company of New York out of college in 1968 as an officer's assistant and rose through the ranks to become chief executive officer and chairman of the board of J.P. Morgan & Co. Inc. in 1995.
Chemical Bank, headquartered in New York City, was the principal operating subsidiary of Chemical Banking Corporation, a bank holding company.In 1996, it acquired Chase Bank, adopted the Chase name, and became the largest bank in the United States.
During the Panic of 1907, Bankers Trust worked closely with J.P. Morgan to help avoid a general financial collapse by lending money to sound banks. In 1911, [4] [5] it acquired the Mercantile Company and, a year later, the Manhattan Trust Company. [6] [7] In 1914 Converse resigned to become president of Astor Trust Company, another
The Manhattan Company Building at 40 Wall Street. In 1891, the board of directors of the Bank of Manhattan Trust Company elected Stephen Baker vice president. Baker, a son of former U.S. Representative Stephen Baker and protégé of financier John Stewart Kennedy, was the grandson of Stephen Baker, a prominent New York merchant who was one of the original stockholders of the Manhattan Company.
Standard Oil (Refinery No. 1 in Cleveland, Ohio, pictured) was a major company broken up under United States antitrust laws.. The history of United States antitrust law is generally taken to begin with the Sherman Antitrust Act 1890, although some form of policy to regulate competition in the market economy has existed throughout the common law's history.
The panic quickly spread to large trusts, including the Trust Company of America, the Lincoln Trust Company and Knickerbocker Trust. [12] On the afternoon of Tuesday, October 22, the president of the Trust Company of America asked J.P. Morgan for assistance.
Alexander is credited for revitalizing J.P. Morgan & Co. with his aggressive approach to the development of new business, [1] [5] and in 1959 he leveraged this influx of capital funds to merge with the Guaranty Trust Company, forming Morgan Guaranty and serving as its CEO and chairman. [1]