6 August
JPMorgan is interested in the German market in order to increase its retail market share
JPMorgan considers Germany as an "interesting market" for potential expansion of its consumer segment, however, the final decision has not yet been made, one of the bank's managers said on Thursday. In this regard, the bank intends to recruit a team of retail banking specialists in Germany.
According to Stefan Behr, the chief executive of the bank in Europe, JPMorgan is still focused on the digital consumer bank and remains the same as it was created in Britain, which was the first attempt to launch this business outside the US, however, the ultimate goal was expanding this business elsewhere.
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