JP Morgan boss gave go-ahead for new £3bn tower in London after UK assurances

Published 6 days ago
Source: theguardian.com
JP Morgan boss gave go-ahead for new £3bn tower in London after UK assurances

Decision by US bank’s CEO Jamie Dimon followed trip to New York by top adviser to Keir Starmer

The boss of JPMorgan Chase approved plans for a new £3bn tower in London after a senior adviser to the UK prime minister travelled to New York to reassure the bank over the government’s pro-business stance, it has emerged.

The Wall Street bank, which along with Goldman Sachs announced substantial investment plans in the UK hours after they were spared tax increases in Rachel Reeves’s autumn budget, only signed off on the plan for its new UK headquarters last Friday.

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