The move will be the American lender’s first overseas retail operation in its 222-year history, with an aim to upend the UK banking market.
LONDON (Reuters) -JPMorgan is set to launch its big assault on British high street banks and online lenders from next week, with the launch of its long-planned digital retail bank Chase. The venture - JPMorgan's first overseas retail bank - is set to launch its smartphone app initially offering current accounts on Tuesday, a JPMorgan spokesperson confirmed. Sanoke Viswanathan, head of the online venture, told the Times and Financial Times newspapers on Friday the bank planned to expand into lending and investments as well as expand in other countries if successful, starting with continental Europe.
(Bloomberg) -- ForgeRock Inc., a maker of identity-verification software, rose 46% in its trading debut, joining a dozen U.S. initial public offerings that have delivered first-day gains this week.The San Francisco-based company raised $275 million, selling 11 million shares for $25 each after marketing them for $21 to $24. The shares closed at $36.50 Thursday in New York trading, giving ForgeRock a market value of about $2.9 billion.Accounting for stock options, restricted stock units and prefe