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What could a bank tax raid mean for JP Morgan’s Canary Wharf mega-tower?

Katherine Langford
Editor-in-Chief · Friday, October 16, 2026 at 1:22 PM · 1 min read
What could a bank tax raid mean for JP Morgan’s Canary Wharf mega-tower? — City AM, Winter Garden Business news
Image: City AM

When Jamie Dimon and John Healey first exchanged remarks, the world’s most influential banker told the Chancellor how important it was to get public policy right. The Wall Street chief is understood to have said the right public policy was the key to solving the issues facing global economies, according to those close to the conversation. Reports at the time suggested Dimon warned of the impact higher bank taxes have on local jobs. A source close to the talks said tax chatter remained general, and not specific to the UK, nor with any link to JP Morgan’s new plans for a blockbuster tower in London. But Dimon hasn’t kept his view on the new headquarters set to be Canary Wharf’s tallest tower secret. Before Healey even entered the Treasury, Dimon warned there could be factors that make him “reconsider” the investment, which is projected to inject as much as £10bn over the next six years into the local economy. He was pressed whether the departure of former Prime Minist

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