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It seems odd to quantify this by "households". Is this normal? Per Wikipedia there are only 117m households in the US. So they are basically saying close enough
by zmmmmm 12y ago
It seems odd to quantify this by "households". Is this normal? Per Wikipedia there are only 117m households in the US. So they are basically saying close enough to everybody. But then I am surprised that JP Morgan even has that percentage of US households as customers in the first place!
- erichurkman 12y agoDon't forget all of the acquisition activity over the last ten years. Providian was bought by Washington Mutual, which was taken over by JP Morgan. Add to that BankOne from the early 2000s, Bear Stearns, several other regional banks, and their massive student lending network and it's not unbelievable that they reach so many "households" even those households don't bank directly with Chase.
- FranOntanaya 12y agoI imagine JP Morgan keeps tabs on anyone that could ever be a potential customer. We should expect the same from any other business of significative size -- the information that can be stolen from each of them should be assumed to potentially affect every individual in every country where that company may have the slightest interest.