"“Not political instability,” he said, when asked what could threaten the investment. “But if they become hostile to banks again, yes.”"
"Dimon insisted political turbulence alone would not derail the company's commitment to Britain. However, he issued a blunt warning over any future crackdown on the financial sector. “Not political instability,” he said, when asked what could threaten the investment. “But if they become hostile to banks again, yes.”"
"“I've always objected to the fact we didn't damage the UK in any way,” he said. “We paid probably $10bn in extra taxes by now. I don't think that's right or fair.” “If that happens too much, we will reconsider.”"
JPMorgan Chase chief executive Jamie Dimon warned that Britain could lose a major office investment if Labour becomes hostile toward the banking industry. He said political instability alone would not derail the company’s commitment, but future crackdowns on finance could. Dimon linked the risk to potential anti-bank policies and noted that Britain’s banking sector has already been unfairly penalized since the financial crisis. He said the bank has paid about $10bn in extra taxes and argued that this is not right or fair. He added that if this treatment continues, JPMorgan would reconsider its plans.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]