JP Morgan Expected to Launch New Digital Bank Next Week - NewsBreak

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By Alexdemarco in Business
Updated 3 years ago

(NYSE: JPM) revealed many months ago its intent to launch a new digital bank in the UK. Today, there are reports the digital bank under the Chase brand will launch next week. In January of 2021, JPM said it wanted to provide UK customers with a new banking choice in a market that is already teaming with digital only bank options. At that time, Gordon Smith, CEO of Consumer & Community Banking and co-President of JPMorgan Chase, said the "UK has a vibrant and highly competitive consumer banking marketplace, which is why we've designed the bank from scratch to specifically meet the needs of customers here."

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