Skip to main contentSkip to navigation Close dialogue1/1 Next image Previous image Toggle captionSkip to navigation Jamie Dimon said the bank had paid ‘probably $10bn in extra taxes’, which was not ‘right or fair’. Photograph: Richard Drew/AP View image in fullscreen Jamie Dimon said the bank had paid ‘probably $10bn in extra taxes’, which was not ‘right or fair’. Photograph: Richard Drew/AP JP Morgan could scrap £3bn London HQ if Starmer is replaced by PM ‘hostile to banks’Jamie Dimon says US banking giant could rethink Canary Wharf tower if a future Labour leader targets lenders The boss of JP Morgan, Jamie Dimon, has warned he could scrap plans to build a new £3bn UK headquarters in London if Keir Starmer is replaced by a new Labour prime minister who is hostile to banks.JP Morgan revealed plans last November to build the tower in Canary Wharf, hours after lenders were spared tax hikes in Rachel Reeves’s autumn budget following strong lobbying by the banking sector.Dimon said the US bank could look past the current political instability around Starmer’s future in No 10, which has roiled bond markets and sent domestic bank shares plunging.However, he warned that plans to build the bank’s new HQ – which will house more than half of its 23,000 UK staff – could be reversed if a…
Published: May 12, 2026 5:37 pm
Source: The Guardian — Read original