New bank registered in New Zealand

JPMorgan Chase Bank has been registered as a bank in New Zealand, the Reserve Bank said.

JPMorgan Chase Bank is incorporated in New York and will operate a branch in New Zealand.

It intends to only operate in the wholesale market and will not have a retail business.

There are now 17 registered banks in New Zealand.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s