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JPMorgan opens digital retail bank in Germany, moving 120 staff to Berlin ahead of launch
JPMorgan opens Berlin hub and readies German launch of 'Chase' digital retail bank, signalling broader EU push.
On 11 November 2025, JPMorgan Chase & Co. confirmed it has relocated 120 employees into its new Berlin office as part of preparations to launch its digital retail bank in Germany in Q2 2026.
The office is designed to accommodate up to 400 staff. The move marks JPMorgan’s entry into Germany’s retail banking market via its brand “Chase”, targeting affluent customers and fintech-savvy clients in Europe’s largest economy.
The expansion comes despite recent scrutiny: the company was fined €45 million earlier this year by Germany’s regulator for money-laundering control lapses. The Germany push underscores U.S. banks’ growing ambition in international digital banking.