JP Morgan launches digital retail bank, Chase takes over British rivals

Highlights

• JP Morgan launching its long-awaited digital retail bank, Chase
• This venture will expand in other continents and later on globally

JP Morgan is challenging its British rival. The U.S lender is hoping for global expansion.

This is their first foray into retail banking outside North America, hence increasing pressure on the British banks such as Barclays, HSBC, NatWest and ....