JPMorgan Chase flies to London as Jamie Dimon warns on UK bank taxes

JPMorgan Chase flew from Westchester County Airport to London Stansted on Monday, May 18, aboard its Gulfstream G650ER, tail N661CH. The five-hour, 55-minute overnight crossing landed at 7:16 a.m. local time, placing the bank’s senior leadership in the UK at the start of a politically charged business week.

The trip lands the same week Jamie Dimon publicly warned that JPMorgan Chase would scrap its planned multibillion-pound Canary Wharf skyscraper if a successor to UK Prime Minister Keir Starmer raises taxes on banks, per a Bloomberg interview and reporting from ExecReview. Dimon told Bloomberg that “if they become hostile to banks again … we will reconsider,” and noted the bank has already paid roughly $10 billion in extra UK levies. The warning comes after JPMorgan Chase expanded its $1.5 trillion Security and Resiliency Initiative into Europe this spring, with the UK, France, Germany, Poland and Italy as focus countries, as covered by CNBC.

JPMorgan Chase has three corporate Gulfstreams; this G650ER is frequently used for long-haul executive travel. The bank’s home base is Teterboro, and London remains one of its recurring international destinations, reflecting the UK’s role as the bank’s largest European hub with roughly 23,000 staff.