JPMorgan enters UK with digital-only launch of retail bank
JPMorgan has hired 400 people in the UK, most of them engineers and customer-service agents, and plans to add more
27 January 2021 - 17:16
JPMorgan Chase is planning to expand its consumer business beyond US borders for the first time, beginning with a digital-only retail bank in the UK
The New York-based bank will start with a mobile checking account for UK customers in 2021, followed by a full slate of products potentially including credit cards, mortgages and vehicle loans, according to people briefed on the plans. If all goes well, the debut will serve as a model for expansion into other countries, said the people, who asked not to be identified because the information was not public...
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