JPMorgan to Launch German Consumer Bank Next Year in Growth Push

JPMorgan Chase & Co plans to start offering retail banking in Germany from the second quarter of next year, marking a substantial expansion for the US lender in Europe’s largest economy.

The digital bank, called Chase, is scheduled to be launched in the second quarter of next year, JPMorgan said in a release on Thursday. As part of the plan, Chase will open its headquarters in Germany’s capital Berlin by the end of the current year.