JPMorgan Chase (JPM) is negotiating to rent 150,000 square feet of space at the Canary Wharf office that used to be Credit Suisse's headquarters in the UK, Bloomberg reported Tuesday, citing people with knowledge of the talks.
UBS Group (UBS) has been looking to sublet the space since acquiring Credit Suisse and taking over responsibility for the lease, the report said.
No deal has been struck and there is no certainty that one will be reached, the report added.
JPMorgan and UBS declined to comment on the report when contacted by MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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