Mayor Mamdani PANICS After JP Morgan Officially Abandons NYC
As New York Mayor Zohran Mamdani pushes higher taxes on corporations and high earners, JPMorgan Chase — the world's largest bank — already has more employees in Texas than in New York City. Despite just opening a $3 billion headquarters on Park Avenue, JPMorgan now employs 31,000 workers in Texas compared to 24,000 in New York. This video breaks down the real numbers behind the shift, the tax differentials, the cost of doing business in each state, and why Jamie Dimon himself said "Texas loves you being there."