JPMorgan CEO Jamie Dimon will meet UK Chancellor John Healey to discuss a potential windfall tax on bank profits.
Prime Minister Andy Burnham’s government is considering measures to address high banking sector earnings. Officials have not ruled out tax increases in the upcoming budget announcement.
Rising inflation and economic uncertainty have increased borrowing costs and scrutiny of bank profitability.
Separately, JPMorgan is expanding its corporate banking operations in Greece. The firm appointed a new division head to focus on large and mid-cap clients in the region.