JP Morgan may abandon plans for London headquarters in Canary Wharf due to British banking regulations

Doubts have been cast over the future of the London headquarters of financial services firm JP Morgan, which is currently under construction in Canary Wharf.

The company has raised concerns over the economic climate of the capital and the lack of government support for the financial industry. According to The Telegraph, the firm is reviewing it’s plans and is close to cancelling it’s London office project.  (more…)