8/4/2008

JPMorgan Chase said it will move to Canary Wharf after efforts to build a new headquarters in London's historic financial center ran into difficulties. The City and Canary Wharf have developed into rival financial districts during the past 20 years, and City officials were eager to hold onto JPMorgan. Circumstances for the US investment bank and London's real-estate market have changed, making the move to Canary Wharf more attractive.

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