Results tagged “Barclays”

Barclays' £7billion deal to raise capital could be under threat from rebel shareholders and it could spell the end for the bank's existing board.

The Canary Wharf-based bank apparently sealed agreements with a number of Middle Eastern investors to raise the capital it needed to secure its future.

A deal was announced today between the Churchill Place-based bank and investors from Qatar and Abu Dhabi, among others, which will see around a third of Barclays pass into foreign ownership.

It was fun to stay at the YMCA for a team of Canary Wharf Barclays workers.

Working with teambuilding organisation Business2Community, the staff members spent the day away from the office last Thursday to help out at Woolwich Dockyard.

WHARF banks Barclays and HSBC have snubbed the Government’s bail-out plan.

BARCLAYS and HSBC are among the UK banks who have signed up to a rescue package drawn up by the Government.

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.

ASIAN investment bank Nomura has announced a deal to buy a chunk of stricken firm Lehman Brothers.

The company will snap up the European and Middle Eastern investment banking and equities businesses in a move which could save up to 2,500 jobs.

The buy-out includes offices in the UK, as well as the Netherlands, Germany, Sweden, Italy, Spain, Kuwait, Dubai and Qatar.

Administrator PricewaterhouseCoopers announced the deal after a week of uncertainty for the bankrupt Wall Street giant.

LEHMAN Brothers has declared itself bankrupt in a tempestuous morning for the European financial market.

The 158-year-old investment bank announced it was filing for Chapter 11 bankruptcy on Monday morning after a last-minute deal to rescue the high-profile institution failed.

Many workers at the company were seen leaving the building this morning carrying boxes.

Barclays and Bank of America were in talks to rescue the troubled firm, but Bank of America instead turned its attentions to a buy-out of Merrill Lynch.

BARCLAYS has started a cost-cutting scheme which will see IT contractors paid 10 per cent less.

The bank, based at One Churchill Place, claims it was paying the workers too much.

THE Mayor of London has urged Canary Wharf companies to follow Barclays' lead by paying their contract staff more than the London Living Wage.

Cleaners and security workers are among those who will be paid £7.75 an hour by the Churchill Place bank.

MOTIVATED entrepreneurs are aiming to break down barriers with employers - starting in Canary Wharf.

Youngsters involved in social enterprise Elevation Networks launched their project at Churchill Place's Barclays headquarters this month.

GOLDFISH staff affected by the planned closure of the Canary Wharf office have been told by Barclays that it would do its best to find them new roles.

Barclays, which bought Goldfish in February this year, announced it was proposing to shed 90 head office jobs at Hertsmere House on the Wharf, as well as 900 at its call centre in Cumbernauld, Scotland.

A spokeswoman for Barclaycard said: “The idea is that all the functions will be integrated with Barclaycard.
It’s just proposals at the moment, but if it goes through, we will do our best to find positions within Barclays for those 90 people.”

Rory Underwood, England’s flying winger during the ’80s and ’90s, is taking part in the Microsoft UK Challenge.

He will join teams from several Canary Wharf companies, including HSBC and Barclays.

The former sporting giant, who now runs high performance development consultancy UPH, said: “I’m really looking forward to it. I’m doing a couple of events, although I don’t quite know what they involve – but then that’s the whole point.