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J.P. Morgan, Bank One to Merge Wall Street powerhouse J.P. Morgan Chase and consumer finance giant Bank One announce plans to merge in a $58-billion deal. The combined company would become the second-largest in the U.S. financial industry, behind only Citigroup, and would have assets of more than $1 trillion. NPR's Scott Horsley reports.

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J.P. Morgan, Bank One to Merge

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J.P. Morgan, Bank One to Merge

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Wall Street powerhouse J.P. Morgan Chase and consumer finance giant Bank One announce plans to merge in a $58-billion deal. The combined company would become the second-largest in the U.S. financial industry, behind only Citigroup, and would have assets of more than $1 trillion. NPR's Scott Horsley reports.