Morgan Stanley is an investment bank, comparable to CITIC Securities, and Morgan Stanley is a bank, comparable to CITIC Bank. Of course, in terms of American popularity, Morgan Stanley is definitely bigger than Morgan Stanley, and the American people must know which bank it is.

After all, it is convenient to withdraw money, but in China, the reputation of the desert is far greater than that of the small one. As can be seen from Chinese nicknames, the desert is the eldest brother, and Xiao Mo can only be the younger brother.

Understanding of the desert and Xiao Mo

JPMorgan Chase was founded by john morgan John Pierpont Morgan. He is a big American banker who participated in the merger of General Electric (GE) and integrated the company of Carnegie, the steel king.

He has participated in the construction of many railways in the United States and is a master of tossing money. He founded a series of companies named after himself, namely Morgan JPMorgan Chase, Morgan Stanley, JP Morgan, Morgan Stanley, Morgan Stanley, Morgan Stanley Huaxin and Morgan Stanley Huaxin.

JP Morgan first founded the famous investment bank JP Morgan (named after himself). When the Great Depression broke out in 1930s, the American government believed that universal banks were the cause of the Great Depression, so it issued a bill prohibiting commercial banks from engaging in investment banking at the same time.

In this context, Morgan Bank was divided into three parts, JP Morgan became a pure commercial bank, Morgan Stanley became an investment bank, and the other Morgan was responsible for overseas business, which was acquired by Deutsche Bank on 1990. At that time, JPMorgan Chase's predecessor, JPMorgan Chase, was merged into JPMorgan Chase in 2000 and no longer existed independently.