Results tagged “bank”

The DLR has launched its new three car service between Bank and Woolwich Arsenal.

An additional 1500 passengers an hour will be able to make the 27 minute journey from this morning.

JP Morgan is putting the finishing touches to its new offices at 25 Bank Street.

The signage is going up on the outside of the former home of Lehman Brothers ahead of the investment bank's arrival in Canary Wharf next year.

HSBC has again hinted it may quit the UK after claiming tighter regulation could cost $2.5billion a year.

The Canary Wharf-based bank announced a 36 per cent fall in its third quarter profits this morning, largely due to its exposure to the Eurozone debt crisis and a rise of $1million in US bad debts.

A Canary Wharf based trader is alleged to have sent an email that caused Greek bank share prices to drop dramatically.

The Citigroup employee named by Greek authorities as Paul Moss, 45 is due to be questioned by police for alledgedly sending a message last Wednesday saying the country could restructure its debt as soon as the weekend.

Citigroup's Canada Square headquarters is reportedly up for sale for more than £1billion.

The 45-storey building at 25 Canada Square, which has 1.2million sq ft of office space has been put on the market by owners Glenn Maud and Derek Quinlan, according to the Financial Times.

Barclays Bank has announced half-year profits of almost £4billion.

The banking group, based in Canary Wharf, announced this morning that it had made pre-tax profits of £3.95billion - a rise of 44 per cent on the same period last year.

The latest DLR improvements have been completed in time for this year's summer timetable.

The culmination of the three-year, £325million investment programme will mean an improved service on nearly all lines, with only midday Stratford routes seeing a reduction.

The DLR has been in a state of constant expansion since its inception in 1982 when the emerging Docklands developments demanded a dedicated transport link.

The original layout of the network saw routes from Island Gardens via Poplar to Stratford and, to the West, to Tower Gateway.

Commuters were hit by a meltdown of transport to Canary Wharf this morning with both the Jubilee line and DLR hit by problems.

A signal failure at Canada Water saw the Jubilee line suspended between London Bridge and Canary Wharf at the peak of rush hour, while Bank station shut because of overcrowding.

Long-suffering rush-hour commuters on DLR's Bank to Lewisham line will have congestion eased thanks to the introduction of the first three-car trains.

The completion of extended platforms on that section of track means it will be the first to take advantage of 55 new carriages, which have been bought at a cost of £100million.

Bear Sterns proposed new home at 5 Churchill Place has been snapped up by a private investor based in Bermuda.

Canary Wharf Group sold its leasehold interest in the building for £208million this morning. The new owner is a limited partnership called 5 Churchill Place LP.

As late workers and midweek drinkers ambled to the DLR late last Wednesday, some spotted a slightly longer train pulling into the platform.

It may not have been in operation, but this was the first sighting of DLR's new three-car trains on the Bank to Lewisham line.

The new South Quay DLR station could be open in the next few weeks.

The Docklands Light Railway has been working on the new station approximately 120m east of the current stop for nearly two years in order to accommodate three-car trains.

DLR services stalled this morning after reports of a person on the track near Bank.

Trains were put "on hold" for nearly 15 minutes during the rush-hour, and a failed train later caused severe delays to the route in and out of the City.

Protesters, commuters, police and the world's press descended on the City as talk of the G20 summit dominated London.

Events began early on Wednesday outside Bank station, as thousands from around the country plan to make their voices heard.

DLR customers are waiting to gauge the impact of a re-opened Tower Gateway station on their daily commute.

The company has revealed the new timetable – and it’s a mixed bag for passengers who have complained of overcrowding on the Woolwich extension.

WEEKEND maintenance on the Docklands Light Railway has spilled into Monday morning, disrupting key lines on the network.

At a time of economic nervousness I have to boast that I only spent three days on the beach, with the rest of my break spent decorating the house and visiting potential universities with my teenage daughter – the looming expense of the latter explaining the relative frugality of the holiday.

I have returned to an orgy of warmth, making up for the cold weather, about the UK Olympic performance.