7 Hrs
Source:
The Guardian
JP Morgan CEO warns on bank taxes
Jamie Dimon, CEO of JPMorgan, warned that increasing taxes on banks in the UK could jeopardize the bank’s plans to build a £3 billion headquarters in London and harm investment in Britain. He emphasized that such taxes could lead to capital flight and negatively impact the country's economic growth. Dimon expressed concern over potential policy changes under a new government that could restrict future expansion opportunities.
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