JPMorgan hit with record fine from German finance watchdog
BaFin imposes its highest ever penalty of €45mn on European arm of Wall Street bank
BaFin imposes its highest ever penalty of €45mn on European arm of Wall Street bank

Almost five years after launching its digital bank Chase in the UK, CEO Jamie Dimon is preparing to take on Germany

Bank’s 10-year plan will help companies in defence, energy and other critical sectors raise funding

Digital bank wants to break into intensely competitive German market as part of its European expansion

Rising costs in consumer unit are a ‘big part’ of overall increase in spending

Chase will offer a savings account as its first product in Germany

Fraud on country’s sovereign wealth fund was one of the biggest in history