JP Morgan CEO Jamie Dimon has reportedly warned the company may have to move jobs out of London more quickly than expected if the UK fails to agree a handover period for EU single market access once Brexit comes into force.
Dimon (pictured) told Financial News that although the company would ideally like to keep all of its 16,000 UK workers in the country, it is now preparing for a range of scenarios which includes relocating 4,000 staff. Dimon's comments follow fears that financial markets could face turmoil in the wake of Brexit if the City fails to negotiate a handover period for single market access due to the immediate loss of passporting rights. As a result, a number of financial services firms with UK operations have reportedly been pushing to maintain access to the single market for several years...
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