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Earn +20 ptsQ: What is the difference between Morgan Stanley and JP Morgan?
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Were JP Morgan and Morgan Stanley once the same company?
No
Did JP Morgan Chase Bank acquire Saxon Mortgage Corp?
No. Saxon was acquired by Morgan Stanley which is NOT the same company as JP Morgan Chase.
Is Morgan Stanley part of JP Morgan Chase?
They have similar roots, but are legally affiliated. Morgan Stanley was formed by Henry Morgan and Harold Stanley in 1935, both of whom had been partners of J.P. Morgan. Morgan Stanley was formed because of new banking laws (the Glass-Steagall Act) which required the big banks to split their commercial and investment areas. J.P. Morgan chose commercial banking, so Morgan and Stanley left to form Morgan Stanley to handle investments.
What does jp stand for in jp Morgan?
John Pierpoint Morgan
Company co-founded by JP Morgan?
JP Morgan and Associates.
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