CTBUH Global News
May25

Written by:host
5/25/2010 2:10 PM 

JP Morgan in dilemma over costly London skyscraper       

May 21, London

JP Morgan chief Jamie Dimon faces an unenviable choice - splash out $3 billion on much-needed but lavish new London headquarters or cull the twin skyscrapers in a nod to the war on banking extravagance. The U.S. bank is dragging its heels on the glamorous plan, fearing it could rile regulators determined to bring mega-banks considered "too big to fail"
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