Brexit could mean 'fewer' UK jobs with the bank, says JPMorgan chief
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
London
THE head of US bank JPMorgan Chase told British staff on Friday a decision by Britain to leave the European Union (EU) could mean "fewer" jobs with the bank there and more jobs in Europe.
"A vote to leave would be a terrible deal for the British economy," chief executive Jamie Dimon said, speaking alongside Finance Minister George Osborne in Bournemouth, where the bank employs 4,000 out of 16,000 staff based in Britain. "So if the UK leaves the EU, we may have no choice but to reorganise our business model here. Brexit could mean fewer JPMorgan jobs in the UK and more jobs in Europe."
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
