JPMorgan CEO Jamie Dimon asserts investors are downplaying global risks and will not buy stocks or extended bonds at current rates.

He warns market valuations remain inflated despite solid bank earnings.

The bank also encounters risk of removing its £3 billion UK funds if the UK government proceeds with a proposed bank levy.

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

The alerts come as JPMorgan’s latest financial report shows strong profit.