September 17 - 10:09
JPMorgan set to launch digital bank 'Chase' in the UK
JPMorgan is to launch its "Chase" digital bank in the UK next week. An app offering current accounts only will be made available from Tuesday, a spokesperson revealed. They outlined JPMorgan's commitment to the FT, saying that it will spend "hundreds of millions" before being able to break even. This is JPMorgan's first overseas retail bank. Goldman Sachs launched a similar offering in 2018.
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