Results tagged “Credit Suisse”

The bank holiday is looming but it won't be a relaxing weekend for some Wharfers as they take part in a gruelling annual fundraiser.

The Enduro Challenge starts this Friday, when five teams from the financial services industry compete in the epic triathlon from London to Paris.

New EU rules came into force this month designed to limit the size of bankers' bonuses. Extra remuneration in Europe will be capped, with at least half paid in shares or contingent capital.

Also, in a bid to stop what is perceived as rewards for reckless short-term risk, up to 60 per cent of the bonus will be deferred for at least three years.

It's a bank holiday weekend and while most of us will be putting our feet up this team of ultra-athletes will be taking part in one of the most gruelling physical challenges on the calendar.

The Enduro Challenge will see teams from Credit Suisse, Barlacys Capital, Deutsche Bank, UBS, and a City All Stars team, race a team triathlon between London and Paris.

JP Morgan made it a hat-trick of titles when they claimed the City Scrum tournament last week.

Wharf businesses were well represented at the 15-team touch rugby tournament held at the Honourable Artillery Company last Wednesday, and for one it was a case of so-near-yet-so-far.

Bragging rights will be up for grabs later this month when the City Scrum touch rugby tournament returns.

Now in its third year, the touch rugby tournament at the Honourable Artillery Company ground on March 24 has become a firm fixture on the sporting calendar.

The creation of Canary Wharf has been a towering success but the benefits of the booming business district have not always been felt in neighbouring communities.

To bridge the gap the Isle of Dogs Community Foundation has spent 20 years providing funding for essential services on the Island.

Credit Suisse enjoyed a productive 2009, making a profit of 6.7billion Swiss francs last year.

The bank, which has its UK headquarters in Canary Wharf, has bounced back from a poor 2008, largely due to the strength of its private banking business and adopting a safer business model.

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.

Credit Suisse has announced that investment bank CEO Paul Calello is being treated for a "sudden and unexpected illness".

The company confirmed Eric Varvel would take up the role on an interim basis, but that Mr Calello would be "as involved in the business as his course of treatment process will allow".

Credit Suisse overcame bad weather to bag bragging rights over five other financial institutions with victory in the latest Enduro Challenge.

The Tower to Tower event held over the August bank holiday weekend saw six teams battle it out in a triathlon relay race between London and Paris.

Banking bonuses are back on the agenda but some Wharf-based institutions are taking a different approach to recruiting and keeping the best talent.

Citigroup announced last month they would be increasing basic salaries for staff by 50 per cent to offset reduced bonuses.

Harlequins first team squad take a break from pursuing the game's big prizes when they coach teams in the City Scrum tournament tomorrow.

Quins players will coach 15 teams, including several from Canary Wharf, in the touch rugby tournament with skipper Will Skinner will coaching Credit Suisse.

The collapse of Lehman Brothers left many fearing their careers in banking were over.

But some saw it as an opportunity to follow a different dream. Trader Bisher Armanazi swapped his suit for strings as he emerged from the ruins of the Wall Street giant.

A former Canary Wharf business analyst is hoping to help clean up London’s streets with his very own three-wheeled electric car.

Al-Karim Versi's A-Kar is a city car or delivery vehicle which has a range of 70 miles and can travel at speeds of up to 35mph.

Sir Ian McKellen was guest of honour at an awards ceremony with a difference in Canary Wharf.

The venerable actor, who lives in Limehouse, attended the ceremony at Credit Suisse's Cabot Square headquarters honouring supporters of the Albert Kennedy Trust (AKT), a charity for homeless lesbian, bisexual and transgender people.

London City Airport’s owner is one of six groups which has lodged a bid for Gatwick.

The deadline for offers passed on Monday and saw Global Infrastructure Partners, which was founded by Credit Suisse and General Electric, finally make its move for the BAA airport.

Credit Suisse became the latest Canary Wharf bank to slash jobs when they announced 650 roles would go at its UK operations.

The Switzerland-based company made the announcement of cuts, which represents three per cent of its workforce, on Tuesday.

DOCKLANDS companies opened their doors to students last week to reassure the next generation that their prospects are still good despite the financial climate.

Businesses taking part in last Thursday’s event included London City Airport, Canary Wharf-based Credit Suisse and law firm Clifford Chance.

CREDIT Suisse has resisted a bail-out offer by raising private capital.

AMERICAN International Group has sold its shares in London City Airport.

The insurance giant, which was recently bailed out by the US government, agreed to sell to majority stakeholder Global Infrastructure Partners.