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Jamie Dimon Says JPMorgan Chase Is ‘Looking At' European and Latin American Banks
PYMNTS.com· 2025-10-17 01:28
Core Insights - JPMorgan Chase is exploring opportunities in European and Latin American banks, as stated by CEO Jamie Dimon [2] - The bank's Chase digital retail bank, launched in the UK in 2021, plans to expand into Germany by Q2 2026 [2][3] - Chase digital bank in the UK achieved £10 billion in deposits and 1 million customers in its first year [3] Group 1: Expansion Plans - JPMorgan Chase is considering acquisitions in Europe and Latin America, although specifics were not provided [2] - The Chase digital retail bank's first product in Germany will be a savings account, with operations to be gradually expanded [3] - Dimon emphasized the ambition to introduce Chase in Germany and other European countries [3] Group 2: Product Development - The Chase digital bank aims to offer value banking products through an easy-to-use app, receiving positive consumer feedback [4] - Nutmeg, acquired by JPMorgan Chase in 2021, will be rebranded as J.P. Morgan Personal Investing, expanding its product offerings [4][5] - New features will include a wealth planner, a DIY investment platform, and access to dedicated relationship managers for select clients [5]