JPMorgan, Goldman bet on tech to crack UK consumer market


Six lenders dominate the UK retail arena: Lloyds Banking Group PLC, NatWest Group PLC, Barclays PLC, HSBC Holdings PLC, Banco Santander SA and Nationwide Building Society

JPMORGAN Chase & Co and Goldman Sachs Group Inc are taking on a consumer finance market many outsiders have tried and failed to crack: Britain.

The two are testing the UK market to see if their US retail brands, Chase and Marcus, can be rolled out globally. The challenge, analysts say, is scraping some business from customers who are entrenched with local providers.

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