Largest US bank with $5 trillion in assets targets Africa’s third-largest economy with new merchant bank

Largest US bank with $5 trillion in assets targets Africa’s third-largest economy with new merchant bank

JPMorgan Chase, the largest US bank with about $5 trillion in assets, is targeting Africa’s third-largest economy with plans to launch a merchant bank in 2026, expanding its presence on the continent as it seeks to capture more business from companies and investors.

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