# JP Morgan CEO warns of 'consequences' if Burnham taxes banks

JP Morgan's CEO has warned that taxing banks in Greater Manchester could lead to negative economic consequences. The warning comes in response to Mayor Andy Burnham's proposed regional banking levy. This highlights growing tensions between local governments and major financial institutions over tax policies.

**Importance:** 3/5

## Sources

### Business
- [The Guardian Biz](https://www.theguardian.com/business/2026/jul/21/jp-morgan-andy-burnham-tax-banks-jamie-dimon) — Tue, 21 Jul 2026 07:42:58 GMT