JPM set to enter UK personal banking market - reports

Will offer savings and loan products

David Brenchley
clock • 1 min read

US banking giant J.P. Morgan Chase is set to move into the personal finance market as it looks to replicate the success of rival Goldman Sachs, according to reports.

The firm is set to launch a range of savings and loan products under its Chase brand in the UK within the next few months, Sky News reported over the weekend. A further report from the Financial Times revealed the firm had asked former head of supervision at the Financial Conduct Authority (FCA) Clive Adamson to be chair of the new business. J.P. Morgan has been in discussions with the FCA, alongside its banking regulator counterparts about gaining the relevant approvals to allow it to launch into the UK market, sources told Sky News, with the launch set for later in 2020. Schroder...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Söderberg & Partners adds further IFA investments

Söderberg & Partners adds further IFA investments

‘No shortage’ of high-quality advice firms, CEO Rentzhog says

Isabel Baxter
clock 16 April 2025 • 3 min read
Aviva £450m preference shares cancellation gets shareholder green light

Aviva £450m preference shares cancellation gets shareholder green light

Court hearing set for May

Jen Frost
clock 15 April 2025 • 2 min read
Hargreaves Lansdown clients get more time to vote on Aviva shares after delay

Hargreaves Lansdown clients get more time to vote on Aviva shares after delay

Platform blasted for 'failings' by finance campaigner amid crucial vote on preference shares

Jen Frost
clock 02 April 2025 • 7 min read