According to Odaily Planet Daily, Lutz Karl, head of European business at JPMorgan Chase, the largest bank in the United States, said that the group hopes to expand its Swiss corporate banking business and provide blockchain services to customers.
Lutz Karl pointed out that JPMorgan plans to expand its Swiss business in the next three to five years and become one of the foreign banks with the largest market share in the country, on par with Deutsche Bank, Citigroup, HSBC and BNP Paribas.