Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Maira Butt

CEO of major US bank issues Starmer threat over $3bn Canary Wharf skyscraper

Jamie Dimon, CEO of JP Morgan-Chase, warned Labour against becoming "hostile to banks again" amid Keir Starmer's mounting leadership troubles.

He threatened to reconsider a $3bn investment in a new Canary Wharf skyscraper if the Labour party shifted towards the left.

The warning comes as nearly 100 MPs have called for Sir Keir Starmer to resign or set a timetable for his departure, following disastrous local election results and four ministerial resignations.

Dimon praised Keir Starmer and Rachel Reeves but stated he would review the investment if Labour's policies became too detrimental to the banking sector.

The $3bn project, agreed in November last year, involves constructing a 3 million sq ft building to accommodate 12,000 employees.

IN FULL

America’s largest bank wades into Labour Party’s Starmer crisis

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.