JPMorgan Merges EU Operations Into Single German Business

JPMorgan Merges EU Operations Into Single German Business
A view of the exterior of the JPMorgan Chase & Co. corporate headquarters in New York City, on May 20, 2015. Mike Segar/Reuters
Reuters
Updated:

LONDON—American banking giant JPMorgan has merged most of its European Union businesses into a single entity in Germany, it said on Monday, seeking to make its business in the bloc more competitive after Britain’s departure.

The bank said it had simplified its European structure by merging its Luxembourg and Irish entities into German business JP Morgan AG.