{"id":26050,"date":"2017-04-05T09:44:22","date_gmt":"2017-04-05T09:44:22","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=26050"},"modified":"2017-04-05T09:44:22","modified_gmt":"2017-04-05T09:44:22","slug":"jpmorgan-softens-tone-brexit-jobs-warning","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/jpmorgan-softens-tone-brexit-jobs-warning.html","title":{"rendered":"JPMorgan softens tone on Brexit jobs warning"},"content":{"rendered":"<p style=\"text-align: justify;\">\n\t<span style=\"font-size:22px;\"><strong><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">JPMorgan softens tone on Brexit jobs warning<\/span><\/span><\/strong><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">JPMorgan softens tone on Brexit jobs warning:- The head of U.S. bank JPMorgan Chase (JPM.N) said on Tuesday the bank is not planning to move many jobs out of Britain in the next two years in a softening of tone on the likely impact from Brexit.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Jamie Dimon had said in a previous speech to employees in Bournemouth last year that as many as 4,000 of the bank&#39;s 16,000 jobs based in Britain may have to move.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Even though his stance appears to have moderated Dimon said on Tuesday the bank is preparing for a so-called &quot;hard Brexit&quot; in which Britain loses access to EU&#39;s single market, disrupting access to its main trading partner.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">&quot;This does not entail moving many people in the next two years,&quot; he said in a letter to the US bank&#39;s shareholders.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Dimon also said the likelihood that the EU could break up has increased, which he warned could have a &quot;devastating&quot; economic and political impact.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">He said that he hoped that Britain&#39;s decision to leave the EU would have force the bloc to focus on &quot;fixing its issues,&quot; such as immigration, bureaucracy and rigid labor rules.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">&quot;Our fear, however, is that it could instead result in political unrest that would force the EU to split apart,&quot; he said. &quot;We will keep a close eye on the situation in Europe over the next several years.&quot;<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:8px;\"><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Source:-&nbsp;http:\/\/www.reuters.com\/article\/us-britain-eu-jpmorgan-idUSKBN1770W7<\/span><\/span><\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/jpmorgan-softens-tone-brexit-jobs-warning.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>JPMorgan softens tone on Brexit jobs warning JPMorgan softens tone on Brexit jobs warning:- The head of U.S. bank JPMorgan Chase (JPM.N) said on Tuesday the bank is not planning to move many jobs out of Britain in the next two years in a softening of tone on the likely [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":26051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[12208,16322,7840,3299],"class_list":["post-26050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-james-l-dimon","tag-jpmorgan-softens-tone-on-brexit-jobs-warning","tag-united-kingdom","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/26050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=26050"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/26050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/26051"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=26050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=26050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=26050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}