JPMorgan Chase is introducing a new tier of service, ‘J.P. Morgan Private Client’, aimed at attracting affluent customers with over $750,000 in deposits and investments. The initiative features dedicated branches with a personalized service model inspired by First Republic Bank, offering unique amenities and tailored financial solutions.
HSBC Holdings plc has sold its private banking activities in Germany to BNP Paribas, marking a strategic move for both financial institutions. The deal, which aims to close in the second half of 2025, will see BNP Paribas leverage its integrated business model to cater to German entrepreneurs and families, strengthening its position in the German wealth management market.
