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JPMorgan is launching a digital retail bank in the U.K., looking overseas for growth

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Sign for J.P. Morgan on 7th March 2020 in London, United Kingdom. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York.

Mike Kemp | Getty Images

JPMorgan Chase is taking a page from the digital disruptors.

The biggest U.S. bank by assets said Wednesday it is planning to expand its retail presence to the U.K. for the first time – but instead of traditional brick and mortar branches, it is only offering services via mobile app.

JPMorgan’s first product, which is being tested internally ahead of its release later this year, will be a checking account, the bank said in a statement. That will be followed by a “range…



Source cnbc.com

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