Brexit makes euro zone sustainability less likely: JPMorgan CEO
Reuters
Published Oct 07, 2016 02:05PM ET
Updated Oct 07, 2016 02:20PM ET
Brexit makes euro zone sustainability less likely: JPMorgan CEO
WASHINGTON (Reuters) - Britain's vote to leave the European Union has made it more likely that the euro zone will not be around in 10 years, JPMorgan Chase & Co (N:JPM) CEO Jamie Dimon told bankers on Friday. "Brexit makes the chance of the euro zone not surviving 10 years from now five times higher," Dimon said at the Institute of International Finance's 2016 annual membership meeting in Washington.
Speaking at the same event, James Gorman, the chief executive of Morgan Stanley (N:MS), said that the big winner from Brexit would be New York because business currently carried out in London would shift there.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.