General · 12 May 2026

JP Morgan might not build new £3bn London HQ

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.

By BriefTea Editorial · 12 May 2026 at 19:45

Reported by The Guardian · How we write briefs

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