Brexit could result in JPMorgan moving over 4,000 jobs out of the UK
London — JPMorgan could move more than 4,000 jobs out of the UK if Brexit talks result in a divergence of regulations and trade agreements between the UK and the EU, the US banking giant’s CEO, Jamie Dimon, said on Thursday. "If they determine you can’t have reciprocal trade practices, reciprocal regulations ... It would be more than 4,000," Dimon said in a BBC interview on the sidelines of the World Economic Forum meeting in Davos, Switzerland. Dimon has wavered in the past over how many jobs JP Morgan would move, as his estimates take into account the changing prospects of Britain securing a deal that gives its financial firms continued access to European markets. After saying in the aftermath of the June 2016 referendum on Britain’s membership of the EU that about 4,000 jobs would move, in a letter to shareholders in April 2017 Dimon said the firm was likely to shift far fewer jobs to European financial hubs. Dimon’s comments on Thursday that the total could end up being more tha...
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