J.P. MorganJP
J.P. Morgan review

J.P. Morgan

One rating, weighted across its six booking centres.

Booking centresUnited States, Switzerland, Luxembourg, Hong Kong, Singapore, Jersey
RegulatorsOCC, FINMA, BaFin/ECB (home, licence holder J.P. Morgan SE, Frankfurt, HKMA, MAS, JFSC
GroupJPMorgan Chase & Co.
Rated centres6 of 6
PPLI.com
Private Bank Rating
1.4 out of 5 stars
Weighted across 6 rated booking centres
Reviewed 6 November 2026 · Q4 2026 edition
Updated every quarter
Rating signed byNoam CohenEditor, Bank Intelligence
About the rating
1.4 out of 5, weighted, Q4 2026 edition
3 of 6centres publish a fee schedule
21matters on the record across its booking centres, 2014 to 2026
2.6/5127 UHNW client ratings across its booking centres
The editor's opinion

Why J.P. Morgan rates 1.4 out of 5

J.P. Morgan rates 1.4 out of 5. The figure combines the ratings of its six rated booking centres (the United States, two stars; Switzerland, three stars; Luxembourg, one star; Hong Kong, one star; Singapore, one star; Jersey, one star), each weighted by the number of UHNW client ratings it has received, so a centre where more families bank counts for more. Switzerland is the strongest at three stars; Luxembourg, Hong Kong, Singapore and Jersey are the weakest at one star. Its booking entities carry 21 matters on the record, the most recent in 2026; each is listed below with the centre it concerns. Across its booking centres, 127 UHNW client ratings average 2.6 out of 5.

Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. Each booking centre is rated on its own file, from the public record and what clients and their advisers tell us in confidence. The overall rating brings those ratings together; retail products, branches and apps play no part.

Where J.P. Morgan stands out

  • Custody assets are protected by statute in the booking centre, with conditions a family should read. United States, Switzerland, Luxembourg and Hong Kong
  • Deposits are covered by a statutory protection scheme. United States, Switzerland, Singapore and Jersey
  • A full range of private banking services is published for this booking unit. United States
  • Most fees are published. United States
  • The bank states publicly what it does with third-party payments. United States and Switzerland
  • The custody terms are public and address most of what a family needs to know. Switzerland
  • A broad range of private banking services is published for this booking unit. Switzerland
  • Deposits are covered by a protection scheme, with limits. Luxembourg and Hong Kong
  • Ownership and control are fully public. Luxembourg, Hong Kong, Singapore and Jersey
  • No politically exposed person holds a significant stake. Luxembourg, Hong Kong, Singapore and Jersey
  • Custody assets are segregated by statute and sit outside the bank's own estate. Jersey

What to weigh

  • Serious adverse findings against this licence holder in the last ten years. All centres
  • The same kind of failure has recurred. United States, Hong Kong and Jersey
  • The last adverse finding is very recent. United States, Luxembourg, Hong Kong and Jersey
  • Only a summary of the custody terms is public. United States, Luxembourg and Hong Kong
  • Remediation of past findings is not documented. United States, Switzerland, Luxembourg, Hong Kong and Jersey
  • Whether independent asset managers are served by a dedicated desk is not published. United States and Switzerland
  • The last adverse finding is recent. Switzerland
  • No fee schedule is published; pricing is given on request. Switzerland, Luxembourg and Jersey
  • Almost no private banking services are published for this booking unit. Luxembourg and Jersey
  • Only part of the private banking range is published for this booking unit. Hong Kong and Singapore
  • The record distinguishes the Singapore bond-pricing case from other actions against the licence holder, including a U.S. censure in October 2026. Singapore
  • Only part of the tariff is published. Singapore
  • The legal treatment of custody assets at this booking centre remains undocumented in this review. Singapore
United States · JPMorgan Chase Bank, National Association43 client ratings · 34% of the weight
Switzerland · J.P. Morgan (Suisse) SA2 client ratings · 1% of the weight
Luxembourg · J.P. Morgan SE, Luxembourg Branch16 client ratings · 13% of the weight
Hong Kong · JPMorgan Chase Bank, National Association, Hong Kong Branch31 client ratings · 24% of the weight
Singapore · JPMorgan Chase Bank, N.A., Singapore Branch24 client ratings · 19% of the weight
Jersey · JPMorgan Chase Bank, N.A., Jersey Branch11 client ratings · 9% of the weight
PPLI.com rating, weighted across the centres1.4

Each booking centre keeps its own rating, set on its own file. The overall rating is the average of those ratings, weighted by the number of UHNW client ratings each centre has received. A centre whose rating is still in preparation is shown but not counted.

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided against the booking entities of J.P. Morgan, gathered from the files of all its booking centres, with the status, the amounts as published and a link to the original document. Each entry names the centre it concerns. Claims and investigations still under way are marked as open.

20262 October 2026

Censure for letting a disqualified person take part in security-based swap dealing

The SEC found that JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC wilfully allowed a statutorily disqualified associated person to effect or be involved in security-based swap transactions and had no system to supervise that person. On 2 October 2026 it censured both and ordered them to cease and desist; no penalty was imposed (Exchange Act Release No. 106569).

202619 February 2026

Penalties for misreporting credit risk and credit valuation adjustment risk-weighted assets

The European Central Bank imposed two administrative penalties totalling EUR 12.18 million on J.P. Morgan SE, the legal entity of which the Luxembourg branch is part, on 19 February 2026 for misreporting capital requirements between 2019 and 2024. For 15 consecutive quarters the bank misclassified corporate exposures and applied too low a risk weight, a breach rated severe, and for 21 consecutive quarters it excluded transactions from CVA risk-weighted assets, rated moderately severe, with serious negligence and internal controls that did not detect the errors in time.

Booking centre: Luxembourg · J.P. Morgan SE, Luxembourg BranchEuropean Central Bank (Banking Supervision)Final decisionPenalty EUR 12.2 millionPrimary source
20256 November 2025

Administrative fine for failing to file suspicious transaction reports without undue delay

BaFin, the German home supervisor, fined J.P. Morgan SE, the legal entity of which the Luxembourg branch is part, EUR 45 million, the largest fine it has imposed on a financial institution, after finding that the bank culpably breached its supervisory obligations. Its internal processes meant that suspicious transaction reports between October 2021 and September 2022 were not filed without undue delay, and the fine notice became final on 30 October 2025.

Booking centre: Luxembourg · J.P. Morgan SE, Luxembourg BranchBaFin (Germany), home regulator of the licence holderFinal decisionFine EUR 45 millionPrimary source
202522 August 2025

Penalty order for failing to prevent aggravated money laundering of 1MDB and PetroSaudi funds

The Office of the Attorney General of Switzerland convicted J.P. Morgan (Suisse) SA by summary penalty order on 22 August 2025 and fined it CHF 3 million for failing, between 7 October 2014 and 21 July 2015, to take the organisational measures needed to prevent aggravated money laundering. In that period the bank received or executed 43 transfers of funds from offences by the managers of PetroSaudi, including 34 transfers abroad of about CHF 174 million in total. Proceedings on facts before 2 October 2014 were abandoned, no compensatory claim was ordered because 1MDB is to be compensated MYR 1.4 billion, and the order is final after both parties waived appeal.

Booking centre: Switzerland · J.P. Morgan (Suisse) SAOffice of the Attorney General of Switzerland (OAG)Final decisionFine CHF 3 millionPrimary source
20242 December 2024

MAS civil penalty for failing to prevent or detect relationship managers' misconduct in OTC bond pricing disclosures

MAS imposed a civil penalty of S$2.4 million on JPMorgan Chase Bank, N.A. for failing to prevent or detect misconduct by relationship managers who made inaccurate or incomplete disclosures in 24 OTC bond transactions between November 2018 and September 2019, charging spreads above agreed rates. JPM admitted liability under section 236C of the SFA, paid the penalty, refunded overcharged fees and strengthened pricing controls; reviews of the individual RMs were ongoing.

The bank has refunded the overcharged fees to affected clients.

Refund of overcharged fees to affected clients; strengthened pricing frameworks and internal controls.

202414 October 2024

Reprimand for late freezing and reporting of sanctioned assets and gaps in ongoing investor screening

The CSSF reprimanded J.P. Morgan SE, Luxembourg Branch on 14 October 2024, in a decision published on 22 January 2025, for freezing late and reporting late to the Ministry of Finance the assets of a person listed under Regulation (EU) 269/2014, and for several months without ongoing screening of certain fund investors and related parties where the bank acts as transfer researcher. It also found serious organisational and internal-control deficiencies, treated self-disclosure, cooperation, the absence of prior breaches and remediation as mitigating factors, and imposed no fine.

Booking centre: Luxembourg · J.P. Morgan SE, Luxembourg BranchCSSF (Commission de Surveillance du Secteur Financier)Final decisionPrimary source
202414 March 2024

Enforcement action: inadequate trade surveillance for market abuse, 2014 to 2023

The OCC assessed a civil money penalty of USD 250 million against JPMorgan Chase Bank, N.A. (AA-EC-2023-49) and issued a consent order (AA-EC-2023-50) over gaps in its trade surveillance programme, after weak governance of trading venues and data controls left trading on at least 30 global venues unmonitored between 2014 and 2023. The Federal Reserve fined the parent, JPMorgan Chase & Co., about USD 98.2 million over the same conduct.

a civil money penalty in the total amount of two hundred fifty million dollars ($250,000,000.00)

On 30 March 2026 the OCC terminated its consent order of 14 March 2024 (AA-ENF-2026-17); the Federal Reserve terminated its parallel action against the parent on 4 December 2025. The penalties remain part of the record.

Booking centres: United States · JPMorgan Chase Bank, National Association; Hong Kong · JPMorgan Chase Bank, National Association, Hong Kong Branch; Singapore · JPMorgan Chase Bank, N.A., Singapore Branch; Jersey · JPMorgan Chase Bank, N.A., Jersey BranchOffice of the Comptroller of the Currency (with the Federal Reserve Board for the parent)Settlement without admissionPenalty USD 250 million; Penalty fed parent USD 98.2 millionOCC order terminated 30 March 2026Primary source
202329 September 2023

Order over unreported and misreported swap transactions

The CFTC found that JPMorgan Chase Bank, N.A. and two affiliates failed to report or misreported more than 40 million swap transactions, and on 29 September 2023 ordered a civil monetary penalty of USD 15 million (CFTC Docket No. 23-61). The respondents admitted the facts.

Respondents shall jointly and severally pay a civil monetary penalty in the amount of fifteen-million dollars ($15,000,000).
20225 July 2022

Order over unreported short-dated FX swap transactions

The CFTC found that JPMorgan Chase Bank, N.A. and two affiliates failed to report about 2.1 million short-dated FX swap transactions between September 2015 and February 2020, and on 5 July 2022 ordered a civil monetary penalty of USD 850,000 (CFTC Docket No. 22-20).

Respondents shall pay, jointly and severally, a civil monetary penalty in the amount of eight hundred fifty thousand dollars ($850,000)
202117 December 2021

Order over business messages on unapproved channels and the records lost

The CFTC found that staff of JPMorgan Chase Bank, N.A. and two affiliates widely used unapproved communication methods whose records were not kept, and on 17 December 2021 ordered a civil monetary penalty of USD 75 million, payable jointly and severally (CFTC Docket No. 22-07). The respondents admitted the facts.

Respondents shall pay, jointly and severally, a civil monetary penalty in the amount of seventy-five million US dollars ($75,000,000),
202024 November 2020

Civil money penalty for inadequate internal controls and audit over the fiduciary business

The US Office of the Comptroller of the Currency assessed a USD 250 million civil money penalty against JPMorgan Chase Bank, N.A. on 24 November 2020. It found that the bank failed to maintain adequate internal controls and internal audit over its fiduciary activities, and that its risk management lacked a sound framework to avoid conflicts of interest.

202029 September 2020

Deferred prosecution agreement: wire fraud schemes in precious metals and US Treasuries futures (spoofing)

JPMorgan Chase & Co. and its subsidiaries JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC entered a three-party DPA on two counts of wire fraud for spoofing schemes in precious metals futures (about 2008 to 2016) and US Treasuries (about 2008 to 2016), paying over USD 920 million in criminal penalty, disgorgement and victim compensation. The the US Department of Justice credits payments under the separate CFTC (about USD 436 million civil penalty) and SEC (USD 35 million, against JPMS) settlements; the CFTC and SEC amounts are components of, not additions to, the USD 920 million. The the US Department of Justice release names three parties to the deferred prosecution agreement: JPMorgan Chase & Co., JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC. The USD 920 million is the total paid under the agreement by the group, not a sum imposed on the bank alone.

JPMorgan Chase & Co. (JPMorgan), a New York, New York-based global banking and financial services firm,

The three-year term of the deferred prosecution agreement ended in September 2023 and the court dismissed the case with prejudice on 29 March 2024. The CFTC's order of the same day on the same conduct also named JPMorgan Chase Bank, N.A. (CFTC Docket No. 20-69).

Booking centres: United States · JPMorgan Chase Bank, National Association; Hong Kong · JPMorgan Chase Bank, National Association, Hong Kong Branch; Singapore · JPMorgan Chase Bank, N.A., Singapore Branch; Jersey · JPMorgan Chase Bank, N.A., Jersey BranchUS Department of Justice (Criminal Division and US Attorney, District of Connecticut); CFTC; SECResolution with admissionTotal paid under the agreement (group, all parties) USD 920 millionAdmission of the factsAgreement completed; case dismissed 29 March 2024Primary source
201828 December 2018

Reprimand, HK$12,500,000 pecuniary penalty and independent review order for AMLO contraventions (customer due diligence, periodic reviews, wire transfer originator information), April 2012 to February 2014

The Monetary Authority found the branch contravened six AMLO provisions: CDD procedures that did not require beneficial owner verification, business relationships established before checks were complete, 259 of 495 high-risk customers in related groups not reviewed annually, and some outgoing wire transfers sent without originator names. It reprimanded the branch, ordered a HK$12,500,000 penalty and required an independent external advisor's report on remediation. The branch had self-identified some deficiencies.

has ordered JPMorgan Hong Kong to pay a pecuniary penalty of HK$12,500,000

Extensive remedial work and strengthened control functions; independent external advisor report ordered (wire transfer deficiencies excluded from the order's scope).

201826 December 2018

Order over American depositary receipts released without the underlying shares

The SEC found that JPMorgan Chase Bank, N.A., as depositary, negligently pre-released American depositary receipts to brokers that did not own the underlying shares, and on 26 December 2018 ordered disgorgement of about USD 71.0 million, interest of about USD 14.4 million and a penalty of about USD 49.7 million (Securities Act Release No. 10600).

JPMorgan shall, within thirty (30) days of the entry of this Order, pay disgorgement of $71,041,225.47
Booking centres: United States · JPMorgan Chase Bank, National Association; Hong Kong · JPMorgan Chase Bank, National Association, Hong Kong Branch; Singapore · JPMorgan Chase Bank, N.A., Singapore Branch; Jersey · JPMorgan Chase Bank, N.A., Jersey BranchUS Securities and Exchange CommissionSettlement without admissionDisgorgement USD 71 million; Interest USD 14.4 million; Penalty USD 49.7 millionPrimary source
20185 October 2018

Settlement of 87 apparent breaches of Cuban, Iranian and proliferation sanctions, with a Finding of Violation

The US Treasury's Office of Foreign Assets Control settled with JPMorgan Chase Bank, N.A. for USD 5,263,171 on 5 October 2018 over 87 apparent violations of the Cuban, Iranian and weapons-of-mass-destruction proliferator sanctions arising from net settlement payments, of which only a very small portion appears attributable to interests of airlines at times on the SDN List. OFAC also issued a Finding of Violation covering 85 transactions totalling USD 46,127.04 between 4 August 2011 and 29 April 2014 and eight accounts the bank maintained for six SDN-listed customers.

201818 June 2018

Order over attempted manipulation of the US dollar ISDAFIX benchmark

The CFTC found that JPMorgan Chase Bank, N.A. attempted to manipulate the US dollar ISDAFIX benchmark swap rates, and on 18 June 2018 ordered it to cease and desist and to pay a civil monetary penalty of USD 65 million (CFTC Docket No. 18-15).

Respondent shall pay a civil monetary penalty of sixty five million U.S. dollars ($65,000,000)
20172 August 2017

Consent order over inaccurate checking-account information supplied to consumer reporting companies

The CFPB found that JPMorgan Chase Bank, N.A. furnished inaccurate checking-account information to consumer reporting companies without reasonable accuracy and dispute procedures, and on 2 August 2017 ordered a civil money penalty of USD 4.6 million (2017-CFPB-0015). The order ran for five years and has expired.

Respondent must pay a civil money penalty of $4.6 million to the Bureau.
201730 June 2017

FINMA proceedings concluded: serious breach of anti-money laundering regulations in 1MDB-related relationships

FINMA concluded at the end of June 2017 (published 21 December 2017) that J.P. Morgan (Switzerland) Ltd seriously breached anti-money laundering regulations in relationships and transactions linked to 1MDB booked in Switzerland, including crediting hundreds of millions of US dollars from 1MDB to a personal account without adequate questioning. FINMA appointed a monitor to review controls with a focus on high-risk transactions and referred the case to the US OCC. No fine, no business restriction and no proceedings against individuals, citing good cooperation. The ruling was not appealed.

FINMA's ruling, which has not been appealed, is final and binding.

FINMA-appointed monitor to review and continuously oversee the bank's AML controls.

Booking centre: Switzerland · J.P. Morgan (Suisse) SAFINMAFinal decisionPrimary source
201720 January 2017

Consent order over higher broker fees charged to African American and Hispanic mortgage borrowers

In a consent order filed on 20 January 2017 in the Southern District of New York (United States v. JPMorgan Chase Bank, N.A.), the bank agreed to pay USD 53 million, including a civil penalty of USD 55,000, to resolve claims that African American and Hispanic borrowers were charged higher broker rates and fees on wholesale mortgage loans than similar white borrowers.

The consent order includes monetary relief of $53 million which includes a civil penalty of $55,000.
Booking centres: United States · JPMorgan Chase Bank, National Association; Hong Kong · JPMorgan Chase Bank, National Association, Hong Kong Branch; Singapore · JPMorgan Chase Bank, N.A., Singapore Branch; Jersey · JPMorgan Chase Bank, N.A., Jersey BranchUS Department of Justice (Civil Rights Division, with the US Attorney for the Southern District of New York)Settlement without admissionTotal payment USD 53 million; Penalty USD 55,000Primary source
201620 October 2016

Reprimand and HK$2.6 million fine for offering offshore listed index options without the required Type 2 and/or Type 5 registration (2003 to 2015) and late reporting

The SFC reprimanded JPMorgan Chase Bank, National Association and J.P. Morgan Securities (Asia Pacific) Limited for a combined HK$5.6 million. The bank's share, HK$2.6 million, related to offering certain offshore listed index options to clients from 1 April 2003 to 22 July 2015 without the required registrations and to reporting the breach about five months after discovery. The bank stopped offering the products.

SFC reprimands and fines two JP Morgan entities HK$5.6 million for regulatory breaches

JPMCB stopped offering the offshore listed index options; group position reporting system fixed.

Booking centres: United States · JPMorgan Chase Bank, National Association; Hong Kong · JPMorgan Chase Bank, National Association, Hong Kong Branch; Singapore · JPMorgan Chase Bank, N.A., Singapore Branch; Jersey · JPMorgan Chase Bank, N.A., Jersey BranchSecurities and Futures Commission (Hong Kong)Settlement without admissionPenalty HKD 2.6 million; Penalty affiliate jpmsap not additive to bank HKD 3 millionPrimary source
201411 November 2014

Final notice: failings in G10 spot FX trading controls (five-bank settlement)

In the November 2014 five-bank FX settlement the FCA fined JPMorgan Chase Bank N.A. GBP 222,166,000 (USD 352 million) for failing to control business practices on its London G10 spot FX voice trading desk between 1 January 2008 and 15 October 2013, after a 30% settlement discount. The FCA release notes parallel CFTC penalties and an OCC penalty of USD 700 million across Citibank and JPMorgan; those are separate and must not be added to the FCA figure.

JPMorgan Chase Bank N.A. £222,166,000 ($352 million), The Royal Bank of Scotland Plc £217,000,000 ($344 million)
Matters concerning other entities in the group (2)
202431 October 2024

Five settled actions over misleading disclosures, conflicted product recommendations and prohibited trades

On 31 October 2024 the SEC settled five actions with J.P. Morgan Securities LLC and J.P. Morgan Investment Management Inc., US sister companies of the Swiss bank under JPMorgan Chase & Co., for more than USD 151 million in penalties and investor payments. The SEC found that J.P. Morgan Securities misled investors in Conduit private funds, favoured its own Portfolio Management Program without full disclosure of its financial incentives and recommended costlier clone mutual funds over identical ETFs, and that J.P. Morgan Investment Management caused USD 4.3 billion of prohibited joint transactions and 65 prohibited principal trades of about USD 8.2 billion.

Shown for context only: the decision concerns J.P. Morgan Securities LLC and J.P. Morgan Investment Management Inc, not J.P. Morgan (Suisse) SA, and does not count towards the rating of the booking centre or of the group.

From the file of: Switzerland · J.P. Morgan (Suisse) SA; Jersey · JPMorgan Chase Bank, N.A., Jersey BranchUS Securities and Exchange CommissionFinal decisionPenalty USD 151 millionPrimary source
20231 May 2023

Acquisition of First Republic Bank deposits and substantially all assets from the FDIC as receiver

First Republic Bank was closed on 1 May 2023 by the California Department of Financial Protection and Innovation, and the FDIC was appointed receiver. JPMorgan Chase Bank, National Association assumed all deposits and substantially all assets under a purchase and assumption agreement with loss share on single-family residential and commercial loans. As of 13 April 2023 the bank had about USD 229.1 billion in assets and USD 103.9 billion in deposits; the estimated cost to the Deposit Insurance Fund was about USD 13 billion. This is a failure and resolution, not a conduct finding.

acquirer and successor (purchase and assumption)

First Republic Bank, San Francisco, California, was closed today by the California Department of Financial Protection
From the file of: United States · JPMorgan Chase Bank, National AssociationCalifornia Department of Financial Protection and Innovation; FDIC as receiverFinal decisionEstimated cost to deposit insurance fund USD 13.00 billionPrimary source
Clients and standing

Client experience and financial standing

What clients meet at J.P. Morgan across its booking centres, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.

UHNW client ratings

2.6 out of 5, based on 127 client ratings across its booking centres.

  • United States1.4 out of 543 ratings
  • Switzerland3.0 out of 52 ratings
  • Luxembourg3.9 out of 516 ratings
  • Hong Kong1.8 out of 531 ratings
  • Singapore4.6 out of 524 ratings
  • Jersey2.7 out of 511 ratings

What clients report

United States. The CFPB complaints database holds 179,623 complaints against JPMorgan Chase & Co. up to 6 November 2026, a count that covers all customers of the national bank, mostly retail, and does not isolate the private bank. The two Epstein-related suits that the bank settled in 2023, for USD 75 million with the US Virgin Islands and USD 290 million with a class of survivors, were not brought by clients, and the bank admitted no liability in either. Neither settlement was final when reported, as both required the approval of the court.

Switzerland. Independent press reporting on the bank covers its growth plans and the 1MDB penalty order, and none of it describes a data breach, a client-money incident or the loss of a team. The SEC settlements of October 2024 over conflicts in wealth products concern US sister companies, not clients of the Swiss bank.

Luxembourg. The CSSF runs an out-of-court complaint procedure for Luxembourg banks but publishes no decisions naming firms, so no complaints figures exist for J.P. Morgan SE, Luxembourg Branch. The bank has no Luxembourg Trustpilot profile, and no claim by a private client against it has reached a published judgment. The decisions against the branch and its legal entity since 2024 concern sanctions screening, suspicious transaction reporting and capital reporting, not the treatment of clients.

Hong Kong. The Hong Kong record that touches clients is regulatory: the HKMA penalty of December 2018 for customer due diligence failures between April 2012 and February 2014, in which the HKMA noted that the bank had identified some of the deficiencies itself and ordered an independent review. None of the US penalties since 2020 on the head office, the parent or the US broker-dealer is tied to clients in Hong Kong.

Singapore. In December 2024, MAS imposed a civil penalty of SGD 2.4 million over inaccurate or incomplete disclosures in 24 bond trades. The bank admitted liability. MAS reported that affected clients received refunds for the excess charges and that the bank strengthened its pricing framework and internal controls.

Jersey. Complaints about the Jersey branch can be taken to the Channel Islands Financial Ombudsman. The CFPB complaints database covers all customers of the national bank, JPMorgan Chase Bank, N.A., mostly US retail clients, and does not single out the Jersey branch.

Worth raising with the bank

  • United States. Ask how the bank's onboarding and review of high-risk private clients changed after the Epstein settlements of 2023, and who now signs off such relationships.
  • Switzerland. Ask what controls on large outgoing transfers changed after the 1MDB failings that led to the FINMA proceedings of June 2017 and the penalty order of August 2025, and who signs such transfers off today.
  • Switzerland. Ask whether in-house J.P. Morgan funds or programmes are used in the family's mandate, given the SEC settlements of October 2024 with US sister companies over conflicted recommendations.
  • Luxembourg. Ask whether the remediation of the sanctions screening gaps found by the CSSF in October 2024 covers private-banking accounts as well as the transfer-researcher business, and when it was completed.
  • Luxembourg. Ask whether accounts booked in Luxembourg were among those behind the late suspicious transaction reports for which BaFin fined J.P. Morgan SE in 2025.
  • Hong Kong. Ask how the bank discloses its mark-ups on over-the-counter bond trades, after the MAS civil penalty of December 2024 over relationship managers' pricing disclosures in Singapore.
  • Hong Kong. Ask what the independent review ordered by the HKMA in December 2018 found, and whether the customer due diligence changes it led to cover all Hong Kong private bank relationships.
  • Singapore. Ask how the branch now checks that bond-trade spreads match the terms agreed with clients, and how it handles any discrepancies.
  • Jersey. Ask whether the conflict-of-interest controls the OCC found lacking in the fiduciary business in November 2020 now cover discretionary mandates booked in Jersey, and what was changed.
  • Jersey. Ask whether J.P. Morgan in-house funds are used in the family's portfolios, given the SEC settlements of October 2024 with sister companies over clone mutual funds and undisclosed incentives.

Financial standing

Credit ratings published by the agencies for the companies named in the centre files, dated by the latest agency or bank document that confirms them
AgencyRatingOutlookAs ofRated company
Moody'sA1 (long-term issuer)StableJPMorgan Chase & Co. (parent)
S&PAStableJPMorgan Chase & Co. (parent)
FitchAA-StableJPMorgan Chase & Co. (parent)
Moody's / S&P / FitchA1 / A / AA- (long-term issuer)StableUndated, currentJPMorgan Chase & Co. (parent)
Moody'sAa2 (long-term issuer)StableJPMorgan Chase Bank, N.A.
S&PAA- (long-term issuer)StableJPMorgan Chase Bank, N.A.
FitchAA (long-term issuer)StableJPMorgan Chase Bank, N.A.
Moody's / S&P / FitchAa2 / AA- / AA (long-term issuer)StableUndated, currentJPMorgan Chase Bank, N.A.

In the press

What it costs

What J.P. Morgan charges, centre by centre

Fees are set by each booking entity, so they are shown centre by centre. Three of the six centres of J.P. Morgan publish a fee schedule, read on 6 November 2026 from the documents linked under each table. To compare banks fairly we put every published fee in US dollars at the same indicative rates and apply it to the same reference amounts, then rate each fee against the average of the other banks that publish it. Five stars is the lowest fee, one star the highest. Terms a family actually negotiates are often different, and a bank can change its schedule at any time.

The published fees side by side

FeeUnited StatesHong KongSingaporeOther banks
Equity tradecommission on a USD 250,000 trade, major exchange0.50%Not in the scheduleNot in the schedule0.81%average of 47 other banks
Third party fund subscriptionfee on a USD 250,000 subscription0.0 basis pointsNot in the scheduleNot in the schedule1.41%average of 42 other banks
Currency conversionmargin on a USD 1 million spot conversion1.50%0.05%0.05%0.69%average of 30 other banks
Lombard loan marginmargin over the reference ratereference rate + 1.85%Not in the scheduleNot in the scheduleNot compared
Minimum annual feeper year, or fee below the asset thresholdNot in the scheduleUSD 5,000 a yearUSD 5,000 a yearUSD 4,320 a yearaverage of 38 other banks
Outgoing international transferper transfer, standardNot in the scheduleUSD 20USD 20USD 58average of 61 other banks

Each fee is rated against the average of the other banks that publish it: five stars is the lowest, one star the highest. The schedules, their dates and what each leaves out are listed centre by centre below.

United States · JPMorgan Chase Bank, National AssociationCentre file

Not in the published schedule: custody and safekeeping, discretionary mandate, advisory mandate, bond trade, account maintenance, minimum annual fee, outgoing international transfer, transfer of securities to another bank, closing the account.

Third party payments. The schedule states: “JPMS may receive payments from mutual fund sponsors, currently 0.00% to 0.10% annually on J.P. Morgan Funds held on the full service platform.”

Sources.

  1. Guide to Investment Services and Brokerage Products (J.P. Morgan Private Bank), read on 6 November 2026

Switzerland · J.P. Morgan (Suisse) SACentre file

Pricing not published

No fee schedule is published for this booking centre.

Luxembourg · J.P. Morgan SE, Luxembourg BranchCentre file

Pricing not published

No fee schedule is published for this booking centre.

Hong Kong · JPMorgan Chase Bank, National Association, Hong Kong BranchCentre file

Not in the published schedule: custody and safekeeping, discretionary mandate, advisory mandate, equity trade, bond trade, third party fund subscription, account maintenance, transfer of securities to another bank, closing the account, lombard loan margin.

Sources.

  1. Fees for Banking Services (for JPMorgan Chase Bank, N.A., Hong Kong and / or Singapore Branch only), 5 June 2024 (as listed on the Useful Information page); the sheet itself carries only a 2025 copyright, read on 6 November 2026. Linked from privatebank.jpmorgan.com/apac/en/o/useful-information
  2. Equity Market Transactions Fees and Charges (Hong Kong and China Connect market charges), November 2023, read on 6 November 2026. Third-party market charges only (SFC levy, exchange fee, stamp duty); no J.P. Morgan commission rate is stated

Singapore · JPMorgan Chase Bank, N.A., Singapore BranchCentre file

Not in the published schedule: custody and safekeeping, discretionary mandate, advisory mandate, equity trade, bond trade, third party fund subscription, account maintenance, transfer of securities to another bank, closing the account, lombard loan margin.

Sources.

  1. Fees for Banking Services (for JPMorgan Chase Bank, N.A., Hong Kong and / or Singapore Branch only), 5 June 2024 (as listed on the Useful Information page); the sheet itself carries only a 2025 copyright, read on 6 November 2026. Linked from privatebank.jpmorgan.com/apac/en/o/useful-information
  2. Equity Market Transactions Fees and Charges (Hong Kong and China Connect market charges), November 2023, read on 6 November 2026. Third-party market charges only (SFC levy, exchange fee, stamp duty); no J.P. Morgan commission rate is stated

Jersey · JPMorgan Chase Bank, N.A., Jersey BranchCentre file

Pricing not published

No fee schedule is published for this booking centre.

How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.

The bank at a glance

Identity, protection and services

Ownership

Group parentJPMorgan Chase & Co. (listed, NYSE)  Source
ControlWidely held; no shareholder with 10% or more  Source (31 March 2026)
Disclosed holdings of 3% or moreVanguard Capital Management 7.06%  Source (31 March 2026)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Booking entities

United StatesJPMorgan Chase Bank, National AssociationOCC · Locally incorporated subsidiary · LEI 7H6GLXDRUGQFU57RNE97Licence: National bank (OCC), FDIC insured, FDIC cert 628  Source
SwitzerlandJ.P. Morgan (Suisse) SAFINMA · Locally incorporated subsidiary · LEI VNJ8GUF91FD6KSMJCG78Licence: Bank  Source
LuxembourgJ.P. Morgan SE, Luxembourg BranchBaFin/ECB (home, licence holder J.P. Morgan SE, Frankfurt; ECB significant institution); CSSF (host) · Branch of J.P. Morgan SE, Frankfurt am Main (LEI 549300ZK53CNGEEI6A29)Licence: Luxembourg branch of J.P. Morgan SE (German SE, credit institution)  Source
Hong KongJPMorgan Chase Bank, National Association, Hong Kong BranchHKMA (licensed bank incorporated outside Hong Kong); SFC (registered institution); home supervisor OCC · Branch of JPMorgan Chase Bank, National Association · LEI 7H6GLXDRUGQFU57RNE97Licence: Licensed bank, incorporated outside Hong Kong (branch of JPMorgan Chase Bank, National Association)  Source
SingaporeJPMorgan Chase Bank, N.A., Singapore BranchMAS · Branch of JPMorgan Chase Bank, N.A.Licence: Full Bank; also Exempt Capital Markets Services Entity, Exempt Financial Adviser, Exempt Trust Company  Source
JerseyJPMorgan Chase Bank, N.A., Jersey BranchJersey Financial Services Commission (JFSC); licence holder JPMorgan Chase Bank, N.A. supervised by the US OCC · Branch of JPMorgan Chase Bank, N.A. · LEI 7H6GLXDRUGQFU57RNE97Licence: JFSC-regulated Jersey branch (deposit-taking under the Banking Business (Jersey) Law 1991 inferred from deposit scheme membership; register reference not obtained)  Source

Financial strength, as reported

Credit ratingsMoody's Aa2 (long-term issuer) (stable outlook); S&P AA- (long-term issuer) (stable outlook); Fitch AA (long-term issuer) (stable outlook) Rated entity: JPMorgan Chase Bank, N.A.
CET1 (Standardized) ratio15.3% (31 Dec 2025)
Total assetsUSD 4,091,315 m (30 Jun 2026)  Source

Rows without a source link are taken from the published reports of JPMorgan Chase Bank, National Association (consolidated). Sources: JPMorgan Chase Bank, N.A. Consolidated Financial Statements 2025 (copy on HKMA register); JPMorgan Chase fixed income investor update 2026 (credit ratings).

Services published across its booking centres

Private clientsUnited States, Switzerland, Luxembourg, Hong Kong and Singapore
Discretionary managementUnited States, Switzerland, Hong Kong and Singapore
Advisory mandatesSwitzerland, Hong Kong and Singapore
Custody only (execution and safekeeping)United States, Switzerland, Hong Kong and Singapore
Lombard lendingUnited States and Switzerland
Mortgage lendingUnited States and Switzerland
Trust and fiduciary servicesUnited States and Jersey
Wealth planningUnited States, Switzerland, Luxembourg, Hong Kong and Singapore
External asset manager desk

Offered at one or more booking centresOffered by the group, not confirmed at a centreNot located, which does not mean unavailable
Checked on the bank's own pages for each centre.

Access and costs

Minimum relationshipUnited States: Not published
Switzerland: Not published
Luxembourg: Not published
Hong Kong: Not published
Singapore: Not published
Jersey: Not published
US personsUnited States: Not published
Switzerland: Not published
Luxembourg: Not published
Hong Kong: Not published
Singapore: Not published
Jersey: Not published
Fee scheduleUnited States: Published  Source  Compared below
Switzerland: Not published
Luxembourg: Not published
Hong Kong: Published, 5 June 2024 (as listed on the Useful Information page); the sheet itself carries only a 2025 copyright  Source  Compared below
Singapore: Published, 5 June 2024 (as listed on the Useful Information page); the sheet itself carries only a 2025 copyright  Source  Compared below
Jersey: Not published
Third party paymentsUnited States: Published  Source
Switzerland: Published  Source
Luxembourg: Not published
Hong Kong: Not published
Singapore: Not published
Jersey: Not published
Transfer out termsUnited States: Not published
Switzerland: Published  Source
Luxembourg: Not published
Hong Kong: Not published
Singapore: Not published
Jersey: Not published

Protection of client assets

Deposit protectionUnited States: National banks are FDIC insured: USD 250,000 per depositor, per bank, for each ownership category. Securities are not deposits.
Switzerland: All banks with a Swiss office must be members of esisuisse: privileged deposits are protected up to CHF 100,000 per client per bank, including non-resident clients and foreign currency deposits, within a system cap.
Luxembourg: A Luxembourg branch of a bank from another EU state is covered by its home state scheme, not the FGDL; the home scheme limit is also EUR 100,000.
Hong Kong: Bank states its deposit protection coverage: Any deposit and time deposit having a term not exceeding 5 years maintained with JPMorgan Chase Bank, N.A., Hong Kong branch constitute eligible deposits under the Deposit Protection Scheme Ordinance (Cap. 581) of Hong Kong qualified for protection by the Deposit Protection Scheme in Hong Kong up to a maximum limit of HK$800,000 per depositor.
Singapore: Full banks in Singapore, including local banks and qualifying full banks, are members of the SDIC Deposit Insurance Scheme unless exempted by MAS: S$100,000 per depositor per member. Membership taken from the SDIC rule; the named member list is to be checked. Only eligible Singapore-dollar deposits are insured; deposits in US dollars or other currencies are not covered.
Jersey: Jersey Depositors Compensation Scheme: GBP 50,000 per eligible depositor per Jersey banking group, payment aimed within seven working days; the GBP 100 million total cap was removed on 1 April 2026.
Custody lawUnited States: 12 CFR 9.13(b) requires a national bank to keep fiduciary account assets separate from the bank's own assets; securities at a broker-dealer are customer property under SIPA with SIPC protection. Re-use and lending are governed by account agreements and regulator rules rather than a single statute.
Switzerland: Swiss Banking Act art. 37d: custody assets held for clients are separated from the bankrupt bank's estate and handed over to the clients, with privileged deposits protected under arts. 37a and 37h.
Luxembourg: Law of 1 August 2001 on the circulation of securities: securities held on account are an intangible interest of the account holders and are claimed collectively from the liquidator, with any shortfall shared pro rata (Arts 3(1), 10(1), 10(2)). Rules on re-use were not located in the statute text read.
Hong Kong: Client securities held by licensed or registered persons must be safeguarded under the Securities and Futures Ordinance and the Securities and Futures (Client Securities) Rules, as referenced in SFC Code of Conduct para 11.1.
Singapore: Not published
Jersey: Investment Business (Client Assets) (Jersey) Order 2001: client property must be segregated and held on trust, and art. 22 allows a firm to lend client property only with the client's written consent. It applies to banks registered for investment business.
Custody termsUnited States, Luxembourg, Hong Kong, Singapore and Jersey: Not published
Switzerland: Published  Source

Before opening an account

  • If uninvested cash is swept, where would it go and what deposit insurance could apply? United States
  • What notice, charges and settlement steps apply if we transfer the portfolio to another custodian? United States
  • Moving the portfolio. Use the published transfer terms as a starting point. Ask the bank to flag positions in your portfolio that would require consent, manual handling or a sale, and to quote the charges separately. Switzerland
  • Trust accounts. The group describes fiduciary services. Ask whether the entity named in this profile can open the proposed trust account and which company would act as trustee, custodian and adviser. Switzerland, Luxembourg and Hong Kong
  • Written pricing. Ask for a quote that covers the account you would actually open, including fees charged by third parties and the cost of moving assets out. Switzerland
  • Custody agreement. The applicable legal framework is set out above. Ask for the agreement that would govern your account and check how securities are titled, whether any sub-custodian is used, and when the bank may take a lien. Luxembourg, Hong Kong and Jersey
  • Transferring assets out. Ask which positions can be transferred without selling them, who approves exceptions, and how charges are calculated for each position and market. Luxembourg and Jersey
  • Currency conversion. The fee comparison shows 0.05% for the reference FX transaction. Ask for the spread on your usual currency pairs and trade sizes, with the benchmark rate named in the quote. See published fees. Hong Kong
  • Can we see a sample bond trade confirmation showing the agreed spread and execution price? Singapore
  • Which agreement governs securities booked in Singapore, and where would those assets be held? Singapore
  • Cross-border eligibility. If a settlor, beneficiary or beneficial owner has U.S. ties, ask the named entity to confirm eligibility for your structure and which investment services it can provide. Jersey
Your experience

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Sources

All 53 documents cited on this page, by subject.

Regulatory and legal record

  1. US Securities and Exchange Commission: Censure for letting a disqualified person take part in security-based swap dealing, 2 October 2026sec.gov
  2. European Central Bank (Banking Supervision): Penalties for misreporting credit risk and credit valuation adjustment risk-weighted assets, 19 February 2026bankingsupervision.europa.eu
  3. BaFin (Germany), home regulator of the licence holder: Administrative fine for failing to file suspicious transaction reports without undue delay, 6 November 2025bafin.de
  4. Office of the Attorney General of Switzerland (OAG): Penalty order for failing to prevent aggravated money laundering of 1MDB and PetroSaudi funds, 22 August 2025admin.ch
  5. MAS: MAS civil penalty for failing to prevent or detect relationship managers' misconduct in OTC bond pricing disclosures, 2 December 2024mas.gov.sg
  6. CSSF (Commission de Surveillance du Secteur Financier): Reprimand for late freezing and reporting of sanctioned assets and gaps in ongoing investor screening, 14 October 2024cssf.lu
  7. Office of the Comptroller of the Currency (with the Federal Reserve Board for the parent): Enforcement action: inadequate trade surveillance for market abuse, 2014 to 2023, 14 March 2024occ.gov
  8. Commodity Futures Trading Commission: Order over unreported and misreported swap transactions, 29 September 2023cftc.gov
  9. Commodity Futures Trading Commission: Order over unreported short-dated FX swap transactions, 5 July 2022cftc.gov
  10. Commodity Futures Trading Commission: Order over business messages on unapproved channels and the records lost, 17 December 2021cftc.gov
  11. US Office of the Comptroller of the Currency: Civil money penalty for inadequate internal controls and audit over the fiduciary business, 24 November 2020occ.treas.gov
  12. US Department of Justice (Criminal Division and US Attorney, District of Connecticut); CFTC; SEC: Deferred prosecution agreement: wire fraud schemes in precious metals and US Treasuries futures (spoofing), 29 September 2020justice.gov · US Department of Justice
  13. Hong Kong Monetary Authority (Monetary Authority under the AMLO): Reprimand, HK$12,500,000 pecuniary penalty and independent review order for AMLO contraventions (customer due diligence, periodic reviews, wire transfer originator information), April 2012 to February 2014, 28 December 2018hkma.gov.hk
  14. US Securities and Exchange Commission: Order over American depositary receipts released without the underlying shares, 26 December 2018sec.gov
  15. US Treasury Office of Foreign Assets Control (OFAC): Settlement of 87 apparent breaches of Cuban, Iranian and proliferation sanctions, with a Finding of Violation, 5 October 2018ofac.treasury.gov
  16. Commodity Futures Trading Commission: Order over attempted manipulation of the US dollar ISDAFIX benchmark, 18 June 2018cftc.gov
  17. Consumer Financial Protection Bureau: Consent order over inaccurate checking-account information supplied to consumer reporting companies, 2 August 2017files.consumerfinance.gov
  18. FINMA: FINMA proceedings concluded: serious breach of anti-money laundering regulations in 1MDB-related relationships, 30 June 2017finma.ch
  19. US Department of Justice (Civil Rights Division, with the US Attorney for the Southern District of New York): Consent order over higher broker fees charged to African American and Hispanic mortgage borrowers, 20 January 2017justice.gov · US Department of Justice
  20. Securities and Futures Commission (Hong Kong): Reprimand and HK$2.6 million fine for offering offshore listed index options without the required Type 2 and/or Type 5 registration (2003 to 2015) and late reporting, 20 October 2016apps.sfc.hk
  21. Financial Conduct Authority: Final notice: failings in G10 spot FX trading controls (five-bank settlement), 11 November 2014fca.org.uk
  22. US Securities and Exchange Commission: Five settled actions over misleading disclosures, conflicted product recommendations and prohibited trades, 31 October 2024sec.gov
  23. California Department of Financial Protection and Innovation; FDIC as receiver: Acquisition of First Republic Bank deposits and substantially all assets from the FDIC as receiver, 1 May 2023fdic.gov

Client experience and press

  1. Banking Dive: JPMorgan order that drew $348.2M penalty ends, 17 April 2026bankingdive.com
  2. Bloomberg Government: JPMorgan Released From OCC Order Over Trading Surveillance Gaps, 16 April 2026news.bgov.com
  3. Euronews: Germany fines JPMorgan EUR 45 million for anti-money-laundering failings, 6 November 2025euronews.com
  4. finews.asia: 1MDB Scandal: J.P. Morgan Suisse Penalized, 22 August 2025finews.asia
  5. Markets Media: JPMorgan Chase Fined $250m for Trade Surveillance Failure, 14 March 2024marketsmedia.com
  6. InvestmentNews: JPMorgan pays $75M to settle US Virgin Islands suit over Epstein ties, 26 September 2023investmentnews.com
  7. NBC News: Epstein victims ask judge to approve $290 million settlement with JPMorgan, June 2023nbcnews.com
  8. Paperjam: JP Morgan Bank Luxembourg: 105 emplois menacés, 27 September 2016paperjam.lu

Fees

  1. investment.jpmorgan.com: Brokerage products services pb (PDF)investment.jpmorgan.com · Fees
  2. assets.jpmprivatebank.com: Fees for banking services v4 (PDF)assets.jpmprivatebank.com · Fees
  3. jpmorgan.com: Hk china cash eq trading market charges nov2023 (PDF)jpmorgan.com · Fees

Identity, ownership, finances and services

  1. GLEIF: Direct parentapi.gleif.org · Group parent
  2. US Securities and Exchange Commission: Primary doc.xmlsec.gov · Control
  3. api.fdic.gov: Institutionsapi.fdic.gov · United States
  4. FINMA: Bewilligungstraeger (PDF)finma.ch · Switzerland
  5. ECB Banking Supervision: Ssm.listofsupervisedentities202610.en (PDF)bankingsupervision.europa.eu · Luxembourg
  6. Hong Kong Monetary Authority: 20 Annex (PDF)hkma.gov.hk · Hong Kong
  7. Monetary Authority of Singapore: 3080 JPMORGAN CHASE BANK N Aeservices.mas.gov.sg · Singapore
  8. jpmorgan.com: Legal entity informationjpmorgan.com · Jersey
  9. Hong Kong Monetary Authority: JPMorgan Chase Bank, N.A. Consolidated Financial Statements 2025 (copy on HKMA register)vpr.hkma.gov.hk · Financial strength
  10. jpmorganchase.com: JPMorgan Chase fixed income investor update 2026 (credit ratings)jpmorganchase.com · Financial strength
  11. J.P. Morgan: Family and family office advisoryprivatebank.jpmorgan.com · Services
  12. J.P. Morgan: Managed portfolio strategiesprivatebank.jpmorgan.com · Services
  13. assets.jpmprivatebank.com: JPMS Annual Report 2025 (PDF)assets.jpmprivatebank.com · Services
  14. J.P. Morgan: Servicesprivatebank.jpmorgan.com · Services
  15. J.P. Morgan: Personal bankingprivatebank.jpmorgan.com · Services
  16. J.P. Morgan: Family officeprivatebank.jpmorgan.com · Services
  17. secure.chasecdn.com: Form crs jp morgan securities (PDF)secure.chasecdn.com · Third party payments
  18. assets.jpmprivatebank.com: DTS F91 JPMS GVA Client Terms EN 2026 09 (PDF)assets.jpmprivatebank.com · Third party payments

The bank

  1. J.P. Morgan, websiteprivatebank.jpmorgan.com

For J.P. Morgan

Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting the reference of the booking centre concerned: United States BK-US-JPMORGAN-0FC7A7; Switzerland BK-CH-JPMORGAN-SUISSE-403632; Luxembourg BK-LU-JPMORGAN-SE-D2B665; Hong Kong BK-HK-JPMORGAN-HK-ADFF58; Singapore BK-SG-JPMORGAN-SG-7A93D8; Jersey BK-JE-JPMORGAN-JERSEY-9399DE.

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About this file

Brought together by the PPLI.com research desk from the files of its booking centres and the public sources listed. The rating is our editorial opinion; read how the overall rating is built.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026Methodology 2.4Overall rating weighted by UHNW client ratings
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