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The managing director of JPMorgan Chase added to the pressure on British Prime Minister Theresa May warning that Brexit could be "hard for the British people."
Jamie Dimon said that the British economy could suffer from a slowdown the European Union that it "will have an impact on global growth, and so the Brexit could hurt all the A Little World "
A day after two senior ministers resigned in protest of Ms. May's Brexit bargaining plan, Dimon's comments underscore how corporate executives lose patience with the company. 39, lack of progress in the decision of the UK's exit from the EU. "We do not yet fully understand what is Brexit, its economic effects and how its effects will be played out: they are huge" Dimon told the Italian newspaper Il Sole 24 Ore . [19659004] "I think that because of the Brexit, some companies through the" Last week, JPMorgan became the last major bank to relocate staff from London before Brexit, stating to its British employees that activity will move from the UK to other parts of Europe, including Italy. Twelve of them had been "invited to consider relocating from the UK" by the end of this year.
million. Dimon has already warned that the 16,000 British JPMorgan workers could be reduced by 4,000 after leaving the UK. 196519002] JPMorgan had banking licenses in Frankfurt, Dublin and Luxembourg and added staff to other locations, including Paris, Madrid and Milan, he said in a memo to British staff last week
. Brexit and plans to move at most a few hundred jobs each from London to other European cities in the first phase. However, leaders warn that they will later be forced to make more radical changes in a difficult Brexit scenario in which the UK will leave the EU without any trade deal. – Copyright The Financial Times Limited 2018
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