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12.05.26 - 19:48
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Jamie Dimon: JP Morgan could scrap new £3bn HQ if Starmer is replaced by PM ′hostile to banks′ (The Guardian)
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Bank greenlit construction of the Canary Wharf tower last November after Rachel Reeves' budget spared lenders tax hikes The boss of JP Morgan, Jamie Dimon, has warned he could scrap plans to build a new £3bn UK headquarters in London if Keir Starmer is replaced by a new Labour prime minister who is hostile to banks.JP Morgan revealed plans last November to build the tower in Canary Wharf, hours after lenders were spared tax hikes in Rachel Reeves's autumn budget, after strong lobbying by the banking sector. Continue reading......
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12.05.26 - 03:24
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Chinese successors inherit younger as banks prepare for US$11 trillion wealth transfer (SCMP)
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Over the next two to three decades, an estimated US$11 trillion in private wealth will change hands across Asia-Pacific – one of the largest intergenerational wealth transfers in modern history, according to the Swiss Bank UBS.
The region's next-generation family members perceive this shift very differently from their counterparts in Europe and North America. In Asia-Pacific, inheritors are more likely to associate a family milestone with the passing of a family member. By contrast, in Europe......
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