US banking giant to build new HQ in Canary Wharf
Briefly

US banking giant to build new HQ in Canary Wharf
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground."
"Global banking giant JP Morgan Chase has announced plans for a new tower in London's Canary Wharf, a move estimated to inject 10 billion into the City's economy. This significant investment coincides with rival US investment bank Goldman Sachs' declaration that it will double its workforce at its Birmingham office. These substantial commitments to their UK operations follow closely on the heels of the autumn Budget statement, where the banking sector notably avoided anticipated target tax increases."
Independent journalists cover issues from reproductive rights, climate change and Big Tech and rely on reader donations to fund on-the-ground reporting. The outlet investigates political financing and produces documentaries such as 'The A Word' about American women fighting for reproductive rights, and maintains free access without paywalls funded by donors. JP Morgan Chase announced plans for a three million square foot tower in Canary Wharf expected to inject 10 billion into the City's economy and accommodate 12,000 employees. Goldman Sachs plans to double its Birmingham workforce. Both moves follow an autumn Budget that avoided anticipated banking tax increases, with Chancellor Rachel Reeves saying banks are choosing Britain because they liked what they heard in the Budget.
Read at www.independent.co.uk
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