Can Pac Swire
They state that the bank is performing thorough due diligence on the Riverside South skyscraper site development in London's Canary Wharf business area, which it acquired in 2008.
At present, its European headquarters are situated in the same region within a building that was formerly used by Lehman Brothers, which collapsed during the global financial crisis. JPMorgan Chase acquired this building following the failure of Lehman Brothers, even though it was already planning the Riverside South site, where the headquarters was initially intended to be situated.
The Financial Times observes that JPMorgan Chase's growth in the UK, highlighted by the introduction of the Chase retail bank, caused the bank to "outgrow" its current facility. For Chase staff, it leased a structure that was previously used by Credit Suisse.
Furthermore, the existing European headquarters structure is quite aged and requires modernization.
A choice has not been reached regarding its modernization or if JPMorgan Chase will relocate. Nonetheless, the bank's leadership thinks that constructing a new tower for all London staff might be more advantageous.
source: ft.com
At present, its European headquarters are situated in the same region within a building that was formerly used by Lehman Brothers, which collapsed during the global financial crisis. JPMorgan Chase acquired this building following the failure of Lehman Brothers, even though it was already planning the Riverside South site, where the headquarters was initially intended to be situated.
The Financial Times observes that JPMorgan Chase's growth in the UK, highlighted by the introduction of the Chase retail bank, caused the bank to "outgrow" its current facility. For Chase staff, it leased a structure that was previously used by Credit Suisse.
Furthermore, the existing European headquarters structure is quite aged and requires modernization.
A choice has not been reached regarding its modernization or if JPMorgan Chase will relocate. Nonetheless, the bank's leadership thinks that constructing a new tower for all London staff might be more advantageous.
source: ft.com
