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JPM Threatens, M Stanley Tops, Nomura Dives, Citi Wins

The New York Times reports that JPMorgan Chase is threatening to move thousands of staff from Midtown Manhattan to Stamford, Conn., unless New York officials cough up a larger subsidy package for the construction of a 50-storey skyscraper to be situated close to Ground Zero.

'Right', Said Fred - RBS Starts ABN Bidding War

ABN AMRO's proposed sale of its US retail bank LaSalle to Bank of America in a deal worth $21bn appeared to be one in the eye for the Royal Bank of Scotland consortium attempting itself to snatch the Dutch bank from Barclays. RBS is thought to have been keen to combine LaSalle with its own US retail banking interests.

BarCap, BlackRock, Citi, Goldman, Morgan Stanley, Nord LB

Bloomberg reports that Barclays Capital is to take up additional office space in London's Canary Wharf financial district. Further proof, if proof were needed, that BarCap boss Bob Diamond and his cohorts are unlikely to be spending much time in Amsterdam - deal or no deal with ABN AMRO.