City Braces for Budget: Dimon's Warning and Market Jitters

£19bn — The estimated haul from a proposed windfall tax on UK banks that's got Wall Street's most powerful voice on the line to the Chancellor.

Money Moves

• Jamie Dimon's Phone Call: The JP Morgan CEO told Chancellor John Healey that further taxes on banks would drive jobs away, citing New York's declining finance headcount as a cautionary tale.
• The Works Boardroom Brawl: Activist fund Kelso is turning up the heat on The Works, questioning chair...