JP Morgan slams Healey for bank tax hike that ‘lacks principle’ Banking JP Morgan has slammed the Labour government for raising taxes on the UK banking sector and said the move “lacks principle”. Wall Street’s biggest bank, which serves over 2.5m UK users through its retail arm Chase, said it is “committed” to the UK but raised concern over the targeting of the sector in John Healey’s [...]
What could a bank tax raid mean for JP Morgan’s Canary Wharf mega-tower? Banking When Jamie Dimon and John Healey first exchanged remarks, the world’s most influential banker told the Chancellor how important it was to get public policy right. The Wall Street chief is understood to have said the right public policy was the key to solving the issues facing global economies, according to those close to the [...]
Midday Markets: The one tax you could bank on Analysis The Midday Market report is a new newsletter from City AM, giving you fresh analysis on the biggest stories in the City straight into your inbox every lunchtime. Today, Ali Lyon, chews over the government’s plans for a windfall tax on banks. Sign up to the City AM News Updates newsletter here. It was, in [...]
Dimon warns of risks ‘under the surface’ as JP Morgan earnings miss October 13, 2026 JP Morgan boss Jamie Dimon has warned of a broad set of economic risks “under the surface” as the Wall Street bank’s earnings missed expectations in the third quarter. The US banking giant reported $50.9bn (£38.4bn) in revenue for its latest three month period, up eight per cent year-on-year. But this undershot the $51.2bn forecast [...]
City chiefs warn Healey bank tax hike could drive businesses out of UK October 9, 2026 Top finance industry chiefs have warned the Chancellor that hiking taxes on the banking sector in the forthcoming Budget could drive businesses and capital out of the UK. Bosses of the City’s biggest industry bodies – including UK Finance, TheCityUK and the CBI – have written to John Healey calling for him to avoid raising [...]
JP Morgan boss Jamie Dimon to meet Chancellor John Healey ahead of Budget September 9, 2026 JP Morgan boss Jamie Dimon is set to meet John Healey today ahead of the new Chancellor’s first Budget, City AM understands. The American banker – regarded as one of the most influential figures in global finance – is due to meet Healey in London for the first time following a phone call exchange last [...]
Mark Kleinman: Healey unlikely to resist clamour for bank windfall tax September 3, 2026 Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column. The sense of déjà vu among Britain’s bank chiefs is palpable. Eight weeks ahead of new Chancellor John Healey’s inaugural fiscal statement and the industry is engaged in another frantic round of lobbying against tax rises. This [...]
Lloyds and Natwest flaunt social credentials as fears grow of Burnham tax grab August 26, 2026 Lloyds and Natwest are flaunting their community credentials and pledging a raft of new social investment initiatives as fears grow that Prime Minister Andy Burnham will launch a punishing tax raid on the sector with the government’s first Budget. The two lenders are among a group of top UK banks looking to prove they can [...]
JP Morgan boss issues bank tax warning to John Healey August 17, 2026 The boss of JP Morgan has issued a bank tax warning to John Healey as the Chancellor gears up to deliver his first Budget in October. Jamie Dimon, who has led Wall Street’s biggest bank since 2006, held a call with Healey on Thursday where the bank chief emphasised “getting public policy right” as crucial [...]
Dimon threatens to ditch JP Morgan tower in tax warning to Burnham July 21, 2026 The boss of JP Morgan has refused to commit to the future of the bank’s planned £10bn tower in Canary Wharf as he warned Andy Burnham’s new government against penalising the banking sector with a raft of new taxes. Jamie Dimon, the chief executive of the US financial behemoth, said he hoped that London would [...]