"Getty Images For a decade and a half, I have wondered about a private conversation I had with the late Alistair Darling, Chancellor of the Exchequer under Gordon Brown, about the financial crisis. Darling told me about a painful and angry telephone conversation he had with Jamie Dimon, chief executive of US banking giant JP Morgan, at the end of 2009 when the UK government announced plans to tax bankers' bonuses."
"Some of it had been reported at the time, such as a threat to pull plans for JP Morgan's massive new headquarters in the UK. But - to my utter astonishment - details of the background and the context to this call appear to be in the Epstein files released on Friday, and appear to have involved the unlikely combination of Peter Mandelson, Jeffrey Epstein and the suggestion of "mild threats" over the bonus tax."
"Mr Dimon was very, very angry.. he said that his bank bought a lot of UK debt and he wondered if that was now such a good idea. I pointed out that they bought our debt because it was a good business deal for them. He went on to say they were thinking of bui"
Alistair Darling described a furious late-2009 telephone call from JP Morgan chief Jamie Dimon after the UK announced a tax on bankers' bonuses. Dimon reportedly warned that JP Morgan might reconsider buying UK government debt and threatened projects such as its planned UK headquarters. Peter Mandelson allegedly encouraged Dimon to make mild threats over the bonus tax, and related background details later appeared in the Epstein files. Darling refused to reverse the policy despite multiple bankers making similar scripted complaints and later recorded the encounter and Dimon's remarks in his account of the crisis.
Read at www.bbc.com
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