10:08 AM EDT, 04/27/2026 (MT Newswires) -- JPMorgan Chase (JPM) is moving some employees from its Paris trading hub to London, in part because it believes it overestimated the number of EU-based roles needed to meet post-Brexit regulations, Bloomberg reported Monday, quoting unnamed sources familiar with the matter.

Other reasons are also behind the decision for the relocation of employees like rates traders, the report said, adding those include role changes and personal tax considerations.

JPMorgan said last year it had about 1,000 employees in France, including 650 on the markets side, the report said.

JPMorgan didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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