Bank Leader and City Mayor Talk Over Tax Plans

The mayor of New York City met with the chief executive of a major bank at the new headquarters of the financial giant. They talked about how to cut unnecessary spending and make rules easier for people to follow. The conversation was friendly, according to a bank spokesperson. It was the first time the mayor had spoken with the bank’s top boss at that location. The mayor has faced criticism from wealthy business owners for his idea to raise taxes on rich people.His goal is to keep the city affordable for low‑income families by freezing rent and lowering prices of basic goods. The bank’s leader said that cities need help from many partners to solve their problems. He added this view in an interview with a news outlet last year. JPMorgan is one of the city’s biggest private employers, contributing billions to its economy every year.