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Fintech

America’s biggest bank is growing the old-fashioned way: Branches

Banking has gone digital, but JPMorgan is building bricks-and-mortar branches

A JPMorgan branch in Harlem in New York City was the first of what the bank calls community centre branches, built in minority and low-income neighbourhoods
A JPMorgan branch in Harlem in New York City was the first of what the bank calls community centre branches, built in minority and low-income neighbourhoods Photo: Jose A Alvarado Jr for The Wall Street Journal

JPMorgan Chase is giving the humble bank branch some swagger.

Hundreds of branches at rival banks are being closed each year, and customers are shunning the teller and choosing the mobile app. But at the nation’s biggest bank, old-fashioned bricks-and-mortar locations are part of the secret sauce.

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