Results tagged “Bank Street”

Canary Wharf Group has agreed to reduce its $4.5billion claim against Lehman Brothers according to documents filed in the Bankruptcy Court in New York.

The claim against the collapsed bank was filed in September 2009, but with little chance of recovering the full amount CWG has decided to reduce the figure it seeks to $780million.

The Duke of York did not hang about to pose for the pack of photographers outside 25 Bank Street on Monday.

The Royal who has been slashed across the front pages in recent weeks over allegations about his private life and dealings with controversial business figures, dodged press questions as he made a hasty entrance into the building.

JP Morgan has ended speculation about its move to Canary Wharf by announcing it has bought the former Lehman Brothers headquarters at 25 Bank Street.

The investment bank were supposed to be developing a new site for its European headquarters at Canary Riverside, but have opted to take on the Lehman Brothers site instead.

Shell is in negotiations with Canary Wharf Group to relocate to Docklands for the next 10 years.

The petrol giant, which is currently based near Waterloo, is hoping to move to 40 Bank Street when it starts redeveloping its current offices next year.

Its collapse came to symbolise the financial crisis and the last remnants of Lehman Brothers is set to disappear from Canary Wharf soon.

The failed bank's administrators will vacate Lehman's former headquarters at 25 Bank Street on March 31 and will stop paying rent on April 1.

Conservative leader David Cameron has demanded more rigorous controls on the influence of Quangos in Britain.

In a speech at Canary Wharf's Clifford Chance building yesterday, Mr Cameron rounded on the "relatively unaccountable" bodies with control over "almost every part of our life".

Corporate support is crucial to the well-being of Tower Hamlets residents and a leading charitable organisation plans to continue providing it.

The Isle of Dogs Community Foundation (IDCF) held its fourth annual corporate breakfast at Clifford Chance's Bank Street headquarters this month and its message was clear - despite the recession, corporate support will still be offered.

Canary Wharf is an unusual bustling metropolis on the edge of one of the world's great cities.

So what does the estate ask of its premier arts and events venue?

LEHMAN Brothers staff are “upbeat� after a deal which could save up to 2,000 jobs in Canary Wharf.

Japanese investment bank Nomura snapped up the company’s investment banking and equities divisions on Tuesday for a nominal fee believed to be $2.

DUBAI developer Damac is looking to move its British headquarters from Canary Wharf to West London.

The firm only opened its office at 40 Bank Street just over six months ago. But it has reportedly already “outgrown� the site, and plans to expand it and convert it into a dedicated sales centre instead.

Its decision is part of a wider consolidation plan in the British Isles. Offices in Glasgow, Southampton, Birmingham and Dublin will be closed as showrooms in Manchester, Leicester and Chiswick are extended.