The Globe and Mail reports in its Monday, June 22, edition that ahead of the 2016 Brexit referendum, JPMorgan warned that it might move 4,000 jobs from Britain. A Reuters dispatch to The Globe reports that today, JPMorgan plans to build a tower in London's Canary Wharf that it says could house up to 12,000 employees. Signs indicate the British financial industry has fared better than expected post-Brexit, with employment in the City of London at near-record levels and banks reporting record profits. Interviews with executives, however, reveal that Britain's status as a financial centre has weakened, making the country less appealing to some investors. "The impact of Brexit on the City has been like the U.K. breaking its own arm -- it has not been fatal but nor has it been great, and there was a degree of self-injury," New Financial's founder William Wright said. This month, JPMorgan said it will extend its $1.5-trillion (U.S.) Security and Resiliency Initiative to Britain. Citigroup has said it is investing 1.1 billion pounds in its U.K. operations. In the meantime, London has become a hub for financial technology, with digital bank Revolut valued at $75-billion (U.S.), making it Europe's most valuable fintech firm.