Results tagged “Morgan Stanley”

It's still seen by campaigners as the day the tide turned.

Last week, business leaders converged on KPMG's new Canada Square headquarters to discuss the latest developments in the Living Wage, where it was announced more than 100 firms pay the going rate of £7.85 to their lowest paid workers.

Two Morgan Stanley employees are banking on finishing the Virgin London Marathon to raise money for the IDCF charity.

Alex Hoare and Simon Loveday are both making their debuts in the big run on April 25, but are determined to finish to support the organisation which provides money for community projects on the Isle of Dogs.

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.

Tower Hamlets and London's East End are not traditional recruiting grounds for top universities.

However, a scheme launched by a Cambridge college and backed by leading Canary Wharf companies is challenging that assumption.

It was created to celebrate community cohesion, but a mural has split opinions on the Island.

George Green School students sprayed a design on the side of Manchester Road building last summer as part of a youth art project. But residents are keen to see it removed, claiming it makes the area "look like a ghetto".

Morgan Stanley has posted its first quarterly profit in a year, making $757million in the third quarter of 2009.

The bank, which has its European headquarters in Bank Street, follows near neighbour Citigroup in announcing a return to profitability in recent months.

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.

Canary Wharf Group has filed a claim against bankrupt financial giant Lehman Brothers for $4.28billion in rent and charges.

The claim was filed this month with Epiq Bankruptcy Solutions in the US, and includes $2.63billion in rent, $711.3million in rates, and $552.6 in dilapidations.

Giles Broadbent examines an alien lifeform

Teenager Matthew Robson, a Morgan Stanley intern who put together a paper about his friends' media habits, has the world agog. His findings include the news that teenagers don't use Twitter and that they find adverts "annoying and pointless".

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.

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.

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.

Citigroup is to split into two units as it bids to bounce back from fourth quarter losses of $8.29billion.

The results are the US bank's worst since the credit crunch began, and were revealed as the US Senate voted to release the remaining $350billion of the country's bail-out fund.

CITIGROUP is moving closer to a break-up after the finance giant sold its wealth management business to Morgan Stanley on Tuesday.

The bank’s Smith Barney brokerage unit will merge with Morgan Stanley’s to create a joint venture, providing Citigroup with £1.85billion in the process.

A top Morgan Stanley deal-maker has died after suffering a heart attack at his desk in Canary Wharf.

The firm's CEO John Mack led the tributes for global head of mergers and acquisitions Gavin MacDonald, who passed away on Friday night at the age of 47.

Citigroup is pondering selling itself to a rival bank as senior executives look for ways of securing its future following a dramatic dive in value this week.

Chief Executive Vikram Pandit has called a conference call meeting for this afternoon to try and thrash out a solution to the bank's worsening financial position.

Morgan Stanley looks set to be the next Wharf bank to make major job cuts as the economic gloom sinks lower over London.

Up to 1,100 jobs are expected to be culled at the American bank's Canary Wharf headquarters, despite recent moves taken to avoid meltdown along the lines of Lehman Brothers. A decision is expected to be made in the next few days.

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.