JP Morgan's Dimon Tells UK PM Burnham He Can't Commit to £3 Billion Canary Wharf Tower If Bank Taxes Rise

JP Morgan CEO Jamie Dimon told the Master Investor Podcast he did not know whether the bank would proceed with its planned £3 billion Canary Wharf headquarters if PM Andy Burnham's government raises bank taxes. Dimon said shareholders have paid $5 billion due to the UK's extra bank levy. UK banks pay 28% corporation tax plus a separate balance sheet levy. The tower would house over 12,000 of JP Morgan's 23,000 UK staff.