JPMorgan CEO Jamie Dimon declares investors are underestimating global risks and will avoid purchasing stocks or long‑term bonds at current prices.

He warns market ratings remain excessively high despite strong bank earnings.

The bank also encounters risk of withdrawing its £3 billion UK investment if the UK government proceeds with a potential bank levy.

Dimon has reiterated concerns over policy making tensions and reduced buying activity in risk markets.

The warnings come as JPMorgan’s latest earnings report shows robust earnings.