Chill winds of Brexit sweep the Square Mile | Business

Jamie Dimon had stern words about the possible impact of Brexit. The boss of JP Morgan warned that up to 4,000 of the Wall Street bank’s 19,000 British staff might be let go so it could keep doing business with clients in Europe.

That was in June 2016, days before Britain voted to leave the EU. With the Brexit transition period nearing its end, the giant has not yet moved anywhere near that number of staff from the UK into the 27-nation bloc.

However, JP Morgan is transferring 200 positions to the EU and has signalled that more may follow.

Talks over a trade deal between Britain and the EU are entering their final stage. The outcome will help to determine whether Dimon was crying

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