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Why banks once flocked to Canary Wharf’s high-tech superstructures, but are now starting to return to the City

  • Written by Lucy Newton, Professor in Business History, Henley Business School, University of Reading
Why banks once flocked to Canary Wharf’s high-tech superstructures, but are now starting to return to the CityCanary Wharf, London.IR Stone/Shutterstock

HSBC is moving its UK headquarters from Canary Wharf back into the City of London as it adjusts to the impact of hybrid work on its office space needs.

This could signal the reverse of the 1990s trend of banks moving out of the City in search of buildings more suited to modern banking. The City’s...

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