Reported 8 months ago
JPMorgan Chase & Co. is establishing an office in Munich to focus on asset management and corporate banking, with plans to employ around 30 people. The US banking giant has been expanding its presence in Germany, with a European hub in Frankfurt after Brexit, aiming to increase business with smaller corporate clients and launch a digital consumer bank in Berlin. CEO Jamie Dimon highlighted the bank's growth strategies in Germany despite economic challenges, including rising inflation and the impact of the energy crisis.
Source: YAHOO