JPMorgan CEO Jamie Dimon states investors are underestimating global hazards and will avoid purchasing stocks or extended bonds at current prices.

He warns market ratings remain inflated despite robust bank earnings.

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

Dimon has repeated concerns over policy making tensions and reduced purchase activity in risk markets.

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