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Why JPMorgan is betting big on European retail banking

JPMorgan’s digital bank Chase is aiming to sign up 5m customers in the UK

Thursday 2 November 2023 at 07:59

JPMorgan boss Jamie Dimon has changed his mind on expanding into European retail banking
JPMorgan boss Jamie Dimon has changed his mind on expanding into European retail banking Photo: Bloomberg via Getty Images

Not long ago, JPMorgan chief executive Jamie Dimon insisted the Wall Street giant would never get into retail banking in Europe.

Now, he’s all in.