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JPMorgan is planning to launch a digital bank in Germany as its second international consumer outpost, a move that will create a launchpad for the biggest US bank to further expand in Europe. The launch is slated for late next year or early 2025, and the firm expects to target other EU countries after that, according to people familiar with the plans.
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“Consumer banking outside the United States represents a significant untapped opportunity for the firm,” Viswanathan said at the time. “Historically, banks have struggled to do well in markets outside their home markets in retail banking, but we think this is changing with digital.”
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