JPMorgan CEO Dimon Warns of London Job Losses After Brexit

Moderator: moderators

kreslik.news
rank: 5000+ posts
rank: 5000+ posts
Posts: 5065
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

JPMorgan CEO Dimon Warns of London Job Losses After Brexit

Postby kreslik.news » Wed Jul 06, 2016 12:51 pm


CEO of JPMorgan Chase & Co, Jamie Dimon, has warned of the possibility of relocating several thousand employees from the UK if the country’s breakaway from the European Union adversely impacts on the banks.

His comments come just a day after Finance Magnates reported that some ofLondon’s hedge funds and private equity managersare starting to look at shifting their operations into continental Europe.

Passporting Rule

According to sources quoted in Bloomberg, Dimon questioned whether the UK could win continued use of the ‘passporting’ rule, which currently allows companies with UK operations to sell their services to the remaining 27 nations ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”