Results tagged “Bear Stearns”
The financial crisis has shaken the public's faith in banks, governments and their own security.
However, Spectator Business editor and former investment banker Martin Vander Weyer doesn't believe it's time to look into a "wacky alternative" to capitalism.
JP MORGAN is hoping to pass on its office space in Canary Wharf - before the building is even complete.
The US bank picked up space in 5 Churchill Place when it snapped up stricken rival Bear Stearns in March.
Bear Stearns was due to move into 250,000 square foot of offices when the building completed in July next year, but JP Morgan has now assigned Knight Frank to offload the offices rather than occupy them itself.
Bear Stearns’ plans to move to a state-of-the-art new building at Canary Wharf could be in doubt.
The company had hoped to double its workforce but now, staff face a very different future after the bank became a victim of the US credit crunch.
The 1,370 employees in Canary Wharf, based at One Canada Square are waiting for a JP Morgan take-over to be completed before seeing what this means to them.
