New York global financial juggernaut JPMorgan Chase & Co. is launching a massive retail banking expansion in Greater Washington, with up to 70 branches planned across the region.
The bank (NYSE: JPM) will hire about 700 employees and commit to $4.5 billion in local lending as part of the expansion. About 20 percent of the branches will be in low-income neighborhoods, including Ward 7 and 8 in the District.
CEO Jamie Dimon will formally announce the move Thursday in D.C. with Mayor Muriel Bowser,…
