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Why JPMorgan is betting big on European retail banking

JPMorgan’s digital bank Chase is aiming to sign up 5m customers in the UK

JPMorgan boss Jamie Dimon has changed his mind on expanding into European retail banking
JPMorgan boss Jamie Dimon has changed his mind on expanding into European retail banking Photo: Bloomberg via Getty Images

Not long ago, JPMorgan chief executive Jamie Dimon insisted the Wall Street giant would never get into retail banking in Europe.

Now, he’s all in.

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