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JPMorgan to develop huge London site

JPMorgan to develop huge London site

(8 May 2007 – UK) JPMorgan is in discussions with a property developer in the UK in relation to establishing the biggest trading floor in London. The US investment bank’s new premises, its European HQ, will house 5,200 investment bankers and consolidate staff who are currently spread across seven different sites in the City of London.

The decision is being viewed as a major victory for London’s Square Mile versus the newer Canary Wharf site, where Barclays, Morgan Stanley and Citigroup among others are located.

The City of London Corporation said the decision by JPMorgan reinforced London's pre-eminent position as Europe's leading financial capital.
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