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JPMorgan's Dimon warns of economic trouble from Brexit

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Jamie Dimon, CEO of JPMorgan Chase & Co warned on Wednesday that years of economic uncertainty would be the "best case" outcome from a decision by Britain to leave the European Union.

[NEW YORK] Jamie Dimon, CEO of JPMorgan Chase & Co warned on Wednesday that years of economic uncertainty would be the "best case" outcome from a decision by Britain to leave the European Union.

Writing in his latest annual letter to shareholders, Mr Dimon said the economies of the UK and EU states would be hurt even if Britain managed to quickly renegotiate hundreds of trade and other contracts following an exit. The "bad scenario" would include trade retaliation against the UK by EU states.

Voters in Britain are to go to the polls in June on whether the UK should leave the EU.

REUTERS

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