Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

JPMorgan interested in German market for possible retail market expansion

Published 09/08/2022, 05:33 AM
Updated 09/08/2022, 05:36 AM
© Reuters. FILE PHOTO: The J P Morgan building in Canary Wharf is seen in the early morning in London October 15, 2013.   REUTERS/Russell Boyce
JPM
-

FRANKFURT (Reuters) - JPMorgan (NYSE:JPM) sees Germany as an "interesting market" for a possible expansion of its consumer business but no decision has yet been made, an executive said on Thursday.

Stefan Behr, the chief executive of JPMorgan in Europe, said the U.S. bank was still focused on the digital-only consumer bank it set up in Britain, its first such foray into that business outside the United States, and that the aim was to eventually expand it elsewhere.

Reuters reported earlier this week that JPMorgan plans to hire a team of retail bankers in Germany as it readies the expansion.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.