JPMorgan eyes Swiss corporate business gains, blockchain boost

JPMorgan Chase wants to grow its Swiss corporate banking business and hopes to use blockchain services to help gain clients, an executive at the U.S. bank said. “We’re ambitious and want to gain market share,” Lutz Karl, who heads the bank’s business with major corporate clients in Germany, Switzerland and Austria, told Reuters in an interview. One of the leading foreign banks in Switzerland alongside peers including Deutsche Bank, Citigroup, HSBC and BNP Paribas, JPMorgan has given itself three to five years to expand its position, he said.