Why Jamie Dimon Has 8 Billion Reasons to Oppose Brexitby
Wonder why Jamie Dimon is trumpeting the benefits of Britain’s membership in the European Union? It’s all about money, as Mark Gilbert of Bloomberg View writes. In total, the U.K. contributes about $27 billion to the yearly income of America’s five largest investment banks, with Dimon’s JPMorgan Chase & Co. generating almost $8 billion within its borders. As a percentage of their total EU revenue, Britain is massively more important to the U.S. firms than any of their other European outposts.