Dimon Meets With UK Chancellor Ahead of Potential Bank Tax Hike

JPMorgan Chase & Co.'s CEO Jamie Dimon is set to meet with UK Chancellor of the Exchequer John Healey on Wednesday. This meeting comes as the new administration considers imposing a windfall tax on bank profits in its upcoming budget.

The discussion between Dimon and Healey has been ongoing, with the two holding an introductory call last month that touched on tax policy. JPMorgan's CEO is expected to bring up concerns about potential increased taxes on banks.

Under Prime Minister Andy Burnham, the UK government has not yet ruled out increasing bank taxes in the budget scheduled for October 28. The decision on bank taxes could impact JPMorgan and other major lenders that have reported strong profits recently.