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JPMorgan Buys Investment Platform Nutmeg in UK Retail Push

US News and World Report
 2021-06-17

LONDON (Reuters) -JPMorgan Chase has bought British digital wealth manager Nutmeg as part of the U.S. bank's expansion into the UK retail banking and investment market. The U.S. bank is looking to take on established British retail banking rivals and a growing band of fintechs with plans to become a full-service retail bank under its Chase brand. It will compete with Goldman Sach's consumer brand Marcus, which launched in Britain in 2018.

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