JP Morgan Boss Says UK Tax Hikes Could Cancel £3 Billion London Tower Plan

JP Morgan's chief, Jamie Dimon, told the Master Investor Podcast he may scrap a planned £3 billion London tower if PM Andy Burnham raises taxes on banks. UK banks already pay a 28% business tax plus an extra charge based on their size. Dimon says those extra charges have cost shareholders $5 billion. The tower would hold 12,000 of the bank's 23,000 UK workers.