The buildings in the city are way too small. They need space for large trading rooms. Thats why the IBs have moved East.
Before JPM moved to the wharf there was a plan for them to get a huge trading floor next to the Barbican. DHL and St Alphage house. If they can't get any IB in there then the city is stuffed.
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Reply to: London's future skyline in doubt
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Previously on "London's future skyline in doubt"
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ftfyAmid the clamour that accompanied the completion of the Shart, something was amiss.
Fine building in the right context, a new city where history is yet to be made, but it's overpowering and dominates the skyline. As it stands it's a revolting monument to tasteless new money and bling bling and looks more like something from North Korea.
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London's future skyline in doubt
Linky
I remember reading something in the past month or so on Money Week about the skyscraper index? Bascially a pattern emerged that countries that put up the most skyscrapers tend to go into recession soon after, eg China.The tallest skyscraper planned for the City of London may never become reality, its lead architect admits - as a BBC investigation raises questions over the capital's future skyline.
Amid the clamour that accompanied the completion of the Shard, something was amiss.
The UK's tallest skyscraper did not have a single financial tenant in place.
So I see this as positive news.
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