'Deeply unhelpful for our cause'.
The Financial Times reports that senior bankers in London are growing frustrated with JPMorgan Chase’s public warnings that it may cut thousands of jobs in the UK, saying such remarks send an unhelpfully negative message.
Large international banks based in London — who may lose the 'passports' that allow them to offer services across the EU market with a UK licence — were very vocal in the run-up to the June 23 referendum about the catastrophic impact they said Brexit would have on UK financial sector jobs.
Most have been less forthcoming since. One notable exception is JPMorgan Chase chief executive Jamie Dimon, who has again raised the prospect of big job cuts in the UK, where the largest US bank by assets employs about 16,000 people.
One senior banker said Dimon’s comments were 'deeply unhelpful for our cause'.
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