consumer banking

In line with its course to become the world’s leading digital bank Citibank announced the launch of a dedicated consumer banking app for iPad.

JPMorgan Chase & Co plans to aggressively expand in the next 5 years in consumer and private banking sectors in spite of the fact it loses over $1 billion in revenue from new financial regulations.

At the company’s annual investor day Retail Financial Services CEO Charlie Scharf excluded any possibility to expand by smaller acquisitions, at least for now, in favor of opening new offices.

Chase will add at least 1,000 branches in the next three years and could add up to 2,000 over the next five years, Scharf said.

Piraeus Bank in Greece announced its plans to launch the first in the nation stand-alone direct bank through an extension of its electronic banking channel Winbank.

At the moment the bank has over 150,000 customers subscribed for its e-banking services and Piraeus wants to improve its offering with the creation of winbankdirect. The new offering is planned to target not only existing Piraeus Bank customers but the entire Greek consumer banking market.