07:05 PM EDT, 05/12/2026 (MT Newswires) -- JPMorgan Chase & Co ( JPM ) CEO Jamie Dimon said the bank could reconsider plans for its new London headquarters if a future UK government becomes "hostile to banks again" through higher taxes, Bloomberg reported on Tuesday.

"Not political instability but if they become hostile to banks again, yes," Dimon said in an interview with Bloomberg TV in Paris.

The replacement for Prime Minister Keir Starmer, should he be removed from his position in the near future, could pursue higher taxes and increased government spending following Labour's poor local election results, Bloomberg said.

JPMorgan ( JPM ) announced plans last year to build a new headquarters in Canary Wharf, east London, that would house up to 12,000 employees.