The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

JPMorgan buys disruptors while its core businesses thrive

The bank hopes to profit from the normalization it expected in 2021, if borrowing picks up and rates rise in 2022.

JPMorgan went on a shopping spree in 2021 to secure its present leadership far into the future. This was at the same time as its already large share of US deposits – driven even higher by savers’ flight to safety in the pandemic – prevents it from buying banks in its home market.

Among 30 or so bolt-on deals, it acquired OpenInvest in June. OpenInvest is an environmental, social, governance (ESG) investment management products and impact reporting services company.

In September, JPMorgan took a 75% stake in the payments platform of Volkswagen Financial Services, which provides purchase and lease finance as well as in-vehicle mobile payments for subscriptions for parts, for entertainment, parking, refuelling and generally buying stuff from connected vehicles. It is a new and growing business that fits with a bank positioning itself at the cutting edge in payments technology.

Jeremy Barnum_400.jpg
Jeremy Barnum, JPMorgan

Also in June, JP Morgan took a 40% stake in C6, the Brazilian full-service digital bank, and purchased UK wealth management platform Nutmeg.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree