JPMorgan Chase & Co (JPM.N) plans to expand its African presence into countries including Ghana and Kenya, Chief Executive Jamie Dimon said in an interview on Wednesday.<\/p>\n
\u201cYou\u2019ll see us open in some countries we are not in, in Africa, you\u2019ll be hearing about some of that stuff,\u201d Dimon told Bloomberg Television on the sidelines of the World Economic Forum meeting in Davos, Switzerland.<\/p>\n
Dimon said the bank would target Ghana and Kenya, two countries in which local regulators have previously blocked the U.S. banking giant\u2019s expansion plans, according to media reports at the time.<\/p>\n
The announcement follows JPMorgan\u2019s unveiling of a $20 billion investment plan on Tuesday which will see it hike wages, hire more, and open new branches as it takes advantage of sweeping changes to U.S. tax law and a more favourable regulatory environment.<\/p>\n
The five-year plan will see the U.S. bank ramp up overseas investment in addition to its domestic growth plans after it finished cleaning up troubled mortgages following the 2007-09 financial crisis.<\/p>\n
–<\/p>\n
Source: Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"
JPMorgan Chase & Co (JPM.N) plans to expand its African presence into countries including Ghana and Kenya, Chief Executive Jamie Dimon said in an interview on Wednesday. \u201cYou\u2019ll see us open in some countries we are not in, in Africa, you\u2019ll be hearing about some of that stuff,\u201d Dimon told Bloomberg Television on the sidelines […]<\/p>\n","protected":false},"author":14,"featured_media":394824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,11],"tags":[16461,42,16460,592],"yoast_head":"\n