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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. JPMorgan’s digital entry marks a departure from earlier attempts by international lenders, which struggled to gain scale through costly branch networks.


 

“It was the first time we were making the platform multi-country, multi-currency and multi-language,” Llano Manibardo told the FT. “These initial investments are always bigger and take a bit longer...