JP Morgan to launch digital bank in UK
by Kalyeena Makortoff Banking correspondent from US news | The Guardian on (#5DD77)
Wall Street bank hired 400 staff for Canary Wharf-headquartered digital bank
The Wall Street company JP Morgan is to launch a new digital bank in the UK, in a move that threatens to shake up a banking sector still dominated by a handful of high street lenders.
JP Morgan has already hired 400 staff for its soon-to-be-launched digital bank, which will be headquartered in Canary Wharf and operate under its consumer brand, Chase.
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