JPMorgan to Move Another $200 Billion in Assets on Brexit (1)

JPMorgan Chase & Co. is further expanding its balance sheet in Frankfurt as it adapts to a post-Brexit Europe.

The U.S. bank expects to add a similar amount to its European hub in 2021 as it did last year, according to its annual report for J.P. Morgan AG. The unit increased by about 180 billion euros ($216 billion) to 244 billion euros last year, the document said, confirming an earlier Bloomberg report.

JPMorgan has led its Wall Street peers in shifting assets out of London as the U.K. exited the European Union. It has repeatedly said it expects ...