Market Chatter: JPMorgan Chase Plans Expansion of GIFT City Business in India

10:19 AM EDT, 09/22/2026 (MT Newswires) -- JPMorgan Chase (JPM) plans to double its GIFT City business in India over the next two years, Bloomberg reported Tuesday, citing the bank's Global Co-Head of Payments, Max Neukirchen. The bank is expanding into trade finance and forex while adding liquidity and payment solutions, according to the report. JPMorgan Chase did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 342.63, Change: -9.41, Percent Change: -2.67