JPMorgan Chase President and Chief Operating Officer Daniel Pinto said he expects its Chase UK consumer bank to break even in the next 12 to 18 months. "We have acquired around two million customers" in the United Kingdom, Pinto told a Financial Times conference on Tuesday. The largest U.S. lender opened the digital bank in the UK in 2021, its first foray into international retail business.
JPMorgan Chase President and Chief Operating Officer Daniel Pinto said he expects its Chase UK consumer bank to break even in the next 12 to 18 months. "We have acquired around two million customers" in the United Kingdom, Pinto told a Financial Times conference on Tuesday. Chase UK is doing better than expected, Pinto said, and the company plans to grow in other global consumer markets over time.
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