October 20, 2021
Markets

JPMorgan to launch digital bank Chase in Britain next week

Workers are reflected in the windows of the Canary Wharf offices of JP Morgan in London September 19, 2013. REUTERS/Neil Hall/File Photo

LONDON, Sept 17 (Reuters) – JPMorgan (JPM.N) is set to launch its big assault on British high street banks and online lenders from next week, with the launch of its long-planned digital retail bank Chase.

The venture – JPMorgan’s first overseas retail bank – is set to launch its smartphone app initially offering current accounts on Tuesday, a JPMorgan spokesperson confirmed.

Sanoke Viswanathan, head of the online venture, told the Times and Financial Times newspapers on Friday the bank planned to expand into lending and investments as well as expand in other countries if successful, starting with continental Europe.

The JPMorgan spokesperson confirmed the contents of the interviews.

JPMorgan is following U.S. rival Goldman Sachs (GS.N) into the market,…

Read full article here: www.reuters.com