JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon warned UK Chancellor John Healey that higher taxes on banks could drive financial jobs out of the country, citing New York as an example of the potential consequences, according to the Financial Times.
During a call last Thursday, Dimon reportedly argued that the UK’s economic challenges should be addressed through growth and sound policy rather than additional levies on banks. He pointed to a decline in New York finance jobs, which he attributed in part to the city’s tax burden, according to a Financial Times report on Monday.
