JPMorgan Chase Aims to Launch Digital Bank in UK

JPMorgan Chase is currently in discussions with UK regulators about launching a digital bank in 2020; the new bank is expected to include savings and lending products; the move comes after Goldman Sachs has seen big success with their Marcus brand in the UK; Chase launched their own digital bank in the U.S., Finn, but they did not get the same traction as others and shut the brand down last year; the move is a big one for Chase who typically has not gone outside the U.S. with ventures like this as they have preferred to stick to the market that has gained them the best return; JPMorgan Chase and regulators both declined to comment on the issue to the FT. Financial Times

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