Branches are still key, JPMorgan CFO says

12/5/2012 | Reuters

JPMorgan Chase plans to continue building new branches as it seeks more deposits, Chief Financial Officer Doug Braunstein says. "Even in the current rate environment, deposits are a very good business," he said. With mobile banking on the rise and profit margins on deposits at historic lows, analysts and investors have pressured banks to justify new branches.

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