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JPMorgan Sees Brick-and-Mortar Branches as Pivotal to US Expansion

JPMorgan Chase & Co. sees brick-and-mortar banking as essential to expanding into more than a dozen markets over five years, even though customers do 80 percent of their transactions online or at ATMs, a bank executive said on Tuesday. “Seventy-five percent of our deposit growth comes from customers who use our branches,” Thasunda Duckett,...