JPMorgan will expand its online bank Chase to Germany and other European Union countries, the Chief Executive Officer Jamie Dimon told Handelsblatt, a move that increases competition for European rivals in a crowded market.
Reuters has reported preparations for the move, but the CEO’s comments to Handelsblatt published on Friday mark the first official confirmation.
In its first such foray outside the United States, JPMorgan entered the British market with a digital-only retail offering in 2021 and executives have signalled their aim was to expand this to other countries.
„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 was quoted by Handelsblatt as saying. „We have ambitious plans.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
