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JP Morgan boss says more bankers will move to EU; Jamie Dimon warns all of the US giant's staff serving clients on Continent could be shifted out of London Brexit cannot be positive for UK in short run: Dimon

Apr 08, 2021 - The Daily Telegraph (London)

JP MORGAN boss Jamie Dimon has warned that he could shift all bankers serving European Union clients out of London as regulators on the Continent seek to steal the City's business.

In his annual letter to shareholders, the US bank chief said that Brexit "cannot possibly" boost the UK economy and warned of mass job moves as Brussels seeks to exclude London from its markets. Mr Dimon - a vocal backer of Remain before the referendum - suggested that the UK would in future be forced to follow ...