JPMorgan Chase Is Looking Abroad for Retail Growth
JPMorgan Chase (NYSE: JPM), the largest bank in the U.S., plans to take its retail approach to the United Kingdom for the first time, the company announced today.
Citing an anonymous source, CNBC reported that the bank will launch digital checking accounts in the U.K., with no plans to add physical branches. The checking accounts could then be followed by other consumer banking products such as credit cards and home loans.
The news is not exactly a surprise as rumors have been swirling for some time that the bank had interest in the U.K. retail market.
Source Fool.com
