Results tagged “Cabot Square”
Credit Suisse is to up the basic salaries of around 15 per cent of its staff to make up for limits on bonuses.
Around 7,000 workers at the bank, which has its British headquarters in Cabot Square, will see the change to their compensation packages come into effect from January.
Morgan Stanley is set to quit one of its Canary Wharf offices.
The investment bank will give up 345,000sq ft of space at 20 Cabot Square from February 1 next year according to Songbird Estates, the parent company of Canary Wharf Group.
CREDIT Suisse has resisted a bail-out offer by raising private capital.
MORGAN Stanley looks set to secure its future in Canary Wharf by turning Japanese.
The American investment bank, whose European headquarters are in Cabot Square, is selling up to 20 per cent of its shares to Japan’s Mitsubishi UFJ Financial Group as it looks to avoid a Lehman Brothers-style meltdown.
The deal, if completed, should help secure the future of Morgan Stanley’s business in the United States and Europe, including around 7,500 jobs in Canary Wharf.
