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UK – JPMorgan Chase not planning to move many jobs out of UK despite Brexit (Reuters)

07 April 2017

JPMorgan Chase CEO Jamie Dimon has said that the bank is not planning to move many jobs out of the UK in the next two years, despite the UK’s decision to leave the EU, reports Reuters. Last year Dimon said that as many as 4,000 of the bank's 16,000 jobs based in the UK might have to move. However, he has since softened his stance. “This (Brexit) does not entail moving many people in the next two years," Dimon said. However, he also commented on the possibility of the EU breaking apart. "Our fear, however, is that it (Brexit) could instead result in political unrest that would force the EU to split apart," Dimon said. "We will keep a close eye on the situation in Europe over the next several years."