JPMorgan has recently listed more than 80 job offerings in Germany as it expands abroad for first time
JPMorgan plans to hire a team of retail bankers in Germany as the biggest U.S. lender prepares to expand its international consumer business in pursuit of steadier revenue streams.
The hires in Germany could be used across different locations, the person said on condition of anonymity because JPMorgan’s plans have not yet been finalised. A spokesperson for JPMorgan declined to comment on the job postings or on plans to grow its consumer business. Banks, which are already suffering from a drop in corporate dealmaking, could also see their retail operations struggle to expand as unemployment rises, inflation bites and consumers tighten their spending.Top JPMorgan executives acknowledge that banks in the past struggled in retail banking outside their home markets, but say the digital era has changed the game.
JPMorgan, whose European Union hub is in the German financial centre of Frankfurt, has become one of the largest advisory banks in Germany in recent years, and is expanding to target more of the medium-sized firms that form the backbone of Europe’s largest economy. Deutsche Bank analysts said in a note last week that while JPMorgan seemed likely to expand its retail business into the EU, “why does it make sense to expand retail banking globally when other banks haven’t been able to do so and the global regulatory burden is high?”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RCMP still searching for two suspects after stabbing spree leaves 10 dead, 15 injured in SaskatchewanThe RCMP believes the suspects, whom police have identified as 31-year-old Damien Sanderson and 30-year-old Myles Sanderson, are currently in Regina
Read more »
JPMorgan sees the S&P 500 hitting 4,800 by the end of 2022Get in now before the train takes off?
Read more »
JPMorgan sees the S&P 500 hitting 4,800 by the end of 2022Get in now before the train takes off?
Read more »
JPMorgan sees the S&P 500 hitting 4,800 by the end of 2022Get in now before the train takes off?
Read more »
JPMorgan sees the S&P 500 hitting 4,800 by the end of 2022Get in now before the train takes off?
Read more »