In 2006, JPMorgan Chase purchased Collegiate Funding Services , a portfolio company of private equity firm Lightyear Capital , for $663 million. CFS was used as the foundation for the Chase Student Loans, previously known as Chase Education Finance. [94] In April 2006, JPMorgan Chase acquired Bank of New York Mellon 's retail and small business banking network. The acquisition gave Chase access to 339 additional branches in New York , New Jersey , and Connecticut . [95] In 2008, J.P. Morgan acquired the UK-based carbon offsetting company ClimateCare . [96] JPMorgan Chase was the biggest bank at the end of 2008 as an individual bank (exclusive of its subsidiaries) during the 2008 financial crisis . [97] [ dead link ] In November 2009, J.P. Morgan announced it would acquire the balance of J.P. Morgan Cazenove, an advisory and underwriting joint venture established in 2004 with the Cazenove Group . [98] Earlier in 2011, the company announced that by the use of supercomp...
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