JPMorgan is finally rolling out its consumer bank in Europe
Almost five years after launching its digital bank Chase in the UK, CEO Jamie Dimon is preparing to take on Germany
Almost five years after launching its digital bank Chase in the UK, CEO Jamie Dimon is preparing to take on Germany

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

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

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

BaFin imposes its highest ever penalty of €45mn on European arm of Wall Street bank

German lender pledges to deliver higher growth, returns and payouts

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