JP Morgan CEO says 4,000 UK jobs could be relocated post-Brexit in new warning

A quarter of JPM jobs in UK

JP Morgan chief executive Jamie Dimon has warned the firm could relocate more than a quarter of its 16,000 UK workforce if financial rules change dramatically.

Dimon revised his long-term estimates of UK job losses to the continent upwards on the basis of the UK government failing to agree a Brexit deal that is close to the current arrangements, adding this would hurt London as a financial hub, according to the BBC. In the run-up to the Brexit vote in June 2016, the chief executive had said the UK could lose as many as 4,000 jobs in the event of leaving the European Union, however he later revised the estimate down to between 500 and 1,000. He told the BBC in an interview at the World Economic Forum in Davos: "If we cannot find reciprocal re...