JPMorgan Looks to Expand Presence in Europe
With a plan to offer commercial banking services to mid-sized firms, JPMorgan is looking to expand it’s European presence, according to a report from Reuters. The reported move comes as JPMorgan shifts dozens of bankers to Paris to adapt to Brexit. Banking in Europe has been restricted only to European firms, but with this move JPMorgan is now seeking to offer commercial and corporate lending services to these firms in Europe, some of which are already the bank’s wealth management customers. Source.