Finance
JPMorgan employs 120 at digital retail bank in Germany, to grow over time
Published by Global Banking & Finance Review®
Posted on November 11, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 11, 2025
1 min readLast updated: January 21, 2026
JPMorgan hires 120 for its digital retail bank in Germany, planning further growth. The Berlin office will support the Chase bank launch next year.
FRANKFURT (Reuters) -JPMorgan has moved 120 employees for its upcoming digital retail bank into its new central Berlin headquarters and expects to hire more people in the years to come in a building with space for 400.
The bank, which will launch its Chase digital retail bank in Germany in the second quarter of next year, officially opened the Berlin office on Tuesday, though staff moved in a few weeks ago.
"Chase ... plans to continue hiring in the coming years," the bank said in a statement.
JPMorgan's move into German retail banking marks a bold move into the already crowded banking market of Europe's largest economy.
The office will also house some staff from other departments but is primarily for the retail bank.
JPMorgan is already one of the largest banks in Germany, drawn to its large wealthy customer base, stable regulatory environment, and fintech scene.
Last week, Germany's financial watchdog BaFin said it had imposed its largest-ever fine of 45 million euros on Frankfurt-based JPMorgan SE for deficiencies in money-laundering prevention.
(Reporting by Tom SimsEditing by Madeline Chambers)
A digital retail bank operates primarily online, offering banking services such as accounts, loans, and payment processing without physical branches.
The regulatory environment refers to the laws and rules that govern financial institutions, ensuring they operate fairly and protect consumers.
Money laundering is the process of making illegally obtained money appear legitimate by disguising its original source.
A central bank is a national institution that manages a country's currency, money supply, and interest rates, often overseeing the banking system.
A fintech scene refers to the ecosystem of technology-driven financial services and startups that innovate and disrupt traditional banking practices.
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