Jamie Dimon is going to bat for his bankers.
The Telegraph is reporting that Dimon called labour politician Alistair Darling and made a “coded” argument against the pay tax.
They article insinuates that Jamie Dimon said something like:
“I don’t like the banker pay tax your government has imposed” which was actually code for “remember when JP Morgan bought that land for $400 million last year? We left open an option to pull out.”
That land he was maybe referring to was the land for a new multi-billion HQ for JPMorgan in London. The new comes after reports in The Independent that Goldman Sachs had threatened to pull bankers from the city, though Goldman denied that report.
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