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Dimon Threatens £3bn London HQ Exit Over Labour Policies

5/13/2026

Summary

Story summary

JP Morgan CEO Jamie Dimon warned the bank could cancel its £3 billion London headquarters if a Labour minister adopts hostile policies.
Dimon said the Canary Wharf tower, for the bank’s 23,000 UK staff, may be abandoned amid uncertainty over a stable business environment.
The bank has asked Tower Hamlets council for a business-rates discount despite a $57 billion 2025 net income, city sources warning the leadership turmoil could jeopardize UK IPOs.

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Story summary

JP Morgan CEO Jamie Dimon warned the bank could cancel its £3 billion London headquarters if a Labour minister adopts hostile policies.
Dimon said the Canary Wharf tower, for the bank’s 23,000 UK staff, may be abandoned amid uncertainty over a stable business environment.
The bank has asked Tower Hamlets council for a business-rates discount despite a $57 billion 2025 net income, city sources warning the leadership turmoil could jeopardize UK IPOs.