JP Morgan Threatens To Move Out of New York: N.Y. Times

JP Morgan Chase is threatening to move thousands of employees to an office outside New York if it is not given a larger subsidy to build a skyscraper in the city, the New York Times reported on its Web site on Wednesday.

JPMorgan Chase has been in touch with at least one property owner in Stamford, Connecticut, the Times reported, citing real estate executives and government officials involved in the talks.

JPMorgan Chase and New York City representatives could not immediately be reached for comment.