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No, the actual bank headquarters is on Park Ave. in Manhattan. JP Morgan is a NYC bank.
They have certain divisions in other cities, including Chicago, Houston, San Antonio, or others, but those obviously aren't HQ locations. I should know, as my wife used to work in Wealth Management at Morgan.
CME group is an options exchange. Why would the physical location of the exchange make Chicago a financial powerhouse? Is Atlanta a financial powerhouse because they have ICE, which is another massive exchange? It's almost all on computers.
And why the hell are both sides spouting such nonsense? Anyone with half a brain knows JP Morgan is in Manhattan, along with all the major investment banks. I don't know why I bother to respond to such nonsense.
You mean the financial services parent company is headquartered in NYC? The actual Big Four bank "Chase" has been headquartered in Chicago for about a decade now. Aren't you an expert on this stuff?
Which is why we compare their opinions to statistical data provided by goverment soures and other demographic sources. There are countless experts working for the commerce dept, labor dept and census bureau. LMAO.
And since we employ them, their findings are readily available to all....fyi.
They are compiling data for their respective jurisdictions, but they aren't trying to make some ranking or hierarchy of influence, importance, etc. which are a lot more multi-faceted and nuanced than what you're referencing. I don't understand what's so funny or difficult about this. LOL?
They are compiling data for their respective jurisdictions, but they aren't trying to make some ranking or hierarchy of influence, importance, etc. which are a lot more multi-faceted and nuanced than what you're referencing.
Yes, rankings are supposed to be a based on a compilation of verifiable data.
Most finance-industry sponsored city rankings and unfortunately many rankings supposedly put together by academics on the subjects of 'power' and 'influence' seem to be very heavy on syrupy fluff and very scant when it comes to actual data.
That's why when these organizations are FORCED to report FACTs and actual SIZE, the order changes dramatically.
Most interesting example is the GAWC Alpha, Beta and Gamma rankings which erroneously calls itself the ranking on 'global connectivity'.... is VERY DIFFERENT from the GAWC ranking of global control and command centers.
Its hilarious how much emphasis is given to hubs and not to actual centers of power.
Singapore ranks higher than Tokyo in the 'Alpha' city ranking....yeah right.
You mean the financial services parent company is headquartered in NYC? The actual Big Four bank "Chase" has been headquartered in Chicago for about a decade now.
That is not an independent company but a division of a global corporation headquartered in NYC.
You mean a fallacious appeal to authority is a fallacy? Appeals to authority by themselves are not fallacious (though it's pretty common for people to cite appeals to authority as inherently fallacious, so don't feel bad because it happens all the time) if the people cited are actual authorities on the subjects being discussed. Why wouldn't you expect Sassen, Florida, etc. who are noted writers and academics in the field to have a more comprehensive view than two boosters for the Bay Area?
It's fallacious because hers is hardly a consensus opinion. Unless she's God disguised as an academic from Columbia, she isn't the final word on this subject.
Last edited by RaymondChandlerLives; 01-30-2013 at 01:45 PM..
You mean the financial services parent company is headquartered in NYC? The actual Big Four bank "Chase" has been headquartered in Chicago for about a decade now. Aren't you an expert on this stuff?
No, Chase isn't HQ in Chicago. Chase is HQ in NYC.
Giant corporations have divisions located all over the place. You're trying to claim that Chase is HQ in Chicago because a single division is based in Chicago. You might as well say that Chase is HQ in San Antonio then, because that's where Chase Mortgage is located. Or you could say that Chicago's CME is HQ in NYC, because that's where the NYMEX is located.
No, Chase isn't HQ in Chicago. Chase is HQ in NYC.
Giant corporations have divisions located all over the place. You're trying to claim that Chase is HQ in Chicago because a single division is based in Chicago. You might as well say that Chase is HQ in San Antonio then, because that's where Chase Mortgage is located. Or you could say that Chicago's CME is HQ in NYC, because that's where the NYMEX is located.
It's fallacious because hers is hardly a consensus opinion. Unless she's God disguised as an academic from Columbia, she isn't the final word on this subject.
God is from San Francisco.
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