JPMorgan invest $100 million in global commercial banking division

Viliyana Filipova — Fri, 29 Jan 2010 01:31:06 +0000

JPMorgan Chase will launch its global branch banking, which will offer commercial banking multinational corporations transmit Financial Times. This will instruct the bank alongside Citigroup and HSBC. From JPMorgan plans to invest more than $ 100 million in commercial banking division, which will consist of 300 people. The activity will initially be focused on emerging economies such as China, India and Brazil reveals Financial Times. JPMorgan is the aim of reducing their dependence on the weak U.S. economy and to benefit from the problems of Citigroup, have shared the bank’s executives told the newspaper.
Britain, Germany and Switzerland are also among the key target markets of the new unit.

Financial Communique » JPMorgan Chase

JPMorgan invest $100 million in global commercial banking division