Wednesday, 18 September, 2019

JPMorgan chief Dimon: Macron might have averted Brexit

Dimon hard Brexit could lead to 4,000 JP Morgan job cuts 1 Comment
Russell Knight | 25 January, 2018, 17:27

"You'll see us open in some countries we are not in, in Africa you'll be hearing about some of that stuff", Dimon told Bloomberg Television on the sidelines of the World Economic Forum meeting in Davos, Switzerland.

Dimon said that in eight months, Macron had already passed labour reform - calling his administration "a shocking change from before".

Jamie Dimon is said to be the strong defender of Trump policies.

The warning is a repeat of a comment Dimon made ahead of the European Union membership referendum, when he said 4,000 United Kingdom jobs could be moved after Brexit.

Piers Morgan set to interview Donald Trump
Since leaving CNN in 2014 he has become a regular host of ITV's breakfast Good Morning Britain alongside Susanna Reid. Piers Morgan will interview Donald Trump in his first worldwide interview in Davos, Switzerland later today.

Harry Potter River Cruise Coming to England
A river-boat cruise is giving a lucky few the chance to relive the magic of Hogwarts and Harry Potter this summer. The rate is roughly $4,190 a person, though it includes some spectacular sites.

Kaiser Aluminum Corporation (KALU) Analysts See $1.13 EPS
It worsened, as 25 investors sold CFX shares while 71 reduced holdings. 127 funds opened positions while 657 raised stakes. It worsened, as 20 investors sold CENX shares while 50 reduced holdings. 29 funds opened positions while 54 raised stakes.

Asked about the number of jobs that would be leaving the bank's London headquarters, Dimon said after "real analysis. we don't have to make as much change as we thought". "We had to beef it up, we had to add capital, we have to do a bunch of stuff, but it's not a huge movement of people".

JPMorgan's chief executive has said the investment bank may have to cut more than 4,000 United Kingdom jobs if the country doesn't secure a Brexit deal that is close to the status quo.

Mr Staley said: "It's complicated, I think, the Brexit negotiations, but our dialogue with the Bank of England, with the regulators, with Her Majesty's Treasury, has been very constructive, and ... we think there's a keen interest by the British Government to keep London competitive, and to keep Barclays competitive, ".

Banking chiefs have issued fresh warnings over Brexit, with JP Morgan poised to shift more than 4,000 United Kingdom staff overseas in a worst-case divorce, while the boss of Barclays has bemoaned its impact on the British economy. It would be a lot.

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