JPMorgan to Shut Investment Accounts for Foreign Retail Clients
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JPMorgan Chase & Co. retail clients who don’t live in the U.S. will no longer be able to keep investment accounts as the bank shuts a business that it’s operated for decades.
“After careful review, we’ve decided to no longer service Chase retail investment accounts to non-U.S. residents," said Elizabeth Seymour, a JPMorgan spokeswoman. "This decision allows us to focus on our domestic business which remains core to our long-term growth.”