JPMorgan to expand Chase bank to Germany

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JPMorgan to expand Chase bank to Germany

By Dalvinder Kular

24/07/2023

JPMorgan has announced it will expand its online bank Chase to Germany and other European countries.

Chief executive Jamie Dimon, who revealed the news in an interview with German newspaper Handelsblatt, did not say when Chase would be available in the country.

The comments come after JPMorgan launched the online-only bank in the UK two years ago.

Chase is the largest consumer bank in the United States and provides a broad range of financial services to more than 60 million American households.
https://www.fstech.co.uk/fst/JPMorgan_Officially_Announces_UK_Digital_Bank.php

“It has always been clear to us that we want to introduce Chase not only in the UK, but also in Germany and other European countries,” Dimon said. “We have ambitious plans.”

Earlier this year, Chase UK said it has seen customer numbers triple over the past 12 months.

The bank said that it now has over 1.6 million banking customers, up from 500,000 during the same period of 2022.

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