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...
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