JPMorgan's British retail bank Chase is planning to hire hundreds more staff next year to take staff numbers above 1,000 to help it roll out investment, savings and consumer lending products, the boss of the venture told Reuters.
A sign outside JP Morgan Chase & Co. offices is seen in New York City, U.S., March 29, 2021. REUTERS/Brendan McDermidBritish retail bank Chase is planning to hire hundreds more staff next year to take staff numbers above 1,000 to help it roll out investment, savings and consumer lending products, the boss of the venture told Reuters.
JPMorgan plans to replicate the Chase model in other markets across continental Europe in the next few years, he said. Building out new services will help it make a profit over time, but Chase is expected to be loss-making for several years in the meantime, Viswanathan said.
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