JP Morgan is further targeting the UK retail market, with the launch of a new Chase current account.
The account offers 5 percent interest on round-up savings and 1 percent cashback on spending.
However, the firm will need to keep its balance sheet under £25 billion, due to ringfencing regulations. If the account proves too successful, its benefits might need to be scaled back, analysts say.
JP Morgan is the latest US investment b...
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