Banking giant to build £10bn tower at Canary Wharf

JP Morgan Chase plans to construct a £10 billion tower in Canary Wharf, creating 7,800 jobs and boosting the UK's economy. The new tower will house 12,000 staff and be double the size of the Shard, becoming the firm's flagship presence in Europe, the Middle East, and Africa. The decision to build the headquarters signifies a major investment in the UK economy, driven by the government's focus on economic growth, and is seen as a significant vote of confidence in the country's financial sector.