News · 12 May 2026
JP Morgan might not build new £3bn London HQ
Danesman1 via Wikimedia Commons (CC BY-SA 3.0)
JPMorgan CEO Jamie Dimon warned on Tuesday that the bank could scrap its planned £3 billion Canary Wharf headquarters if a new prime minister hostile to lenders replaces Keir Starmer. The new tower, designed by Foster + Partners, would house 12,000 staff. Dimon objected specifically to the UK's bank surcharge and bank levy, calling them unfair on lenders.
Reported by The Guardian · How we write briefs