Results tagged “barclays”
Barclays recorded a big jump in profits last year despite the recession.
The bank posted a year-end profit of £11.6billion before tax, an increase of 92 per cent on its 2008 figure. Most of that came from the £6.3billion sale of Barclays Global Investors and a strong performance from investment arm Barclays Capital.
Two Christian events will be held at Canary Wharf next Wednesday to celebrate the beginning of Lent.
Both a lunchtime service at the prayer room in Churchill Mall and an early evening Roman Catholic mass at Barclays with the Archbishop of Westminster will take place.
HSBC reported another improvement in its trading for 2009 when it published its third quarter update but did not disclose how much its profits are up.
The bank, based in Canada Square, revealed this morning pre-tax profits are "significantly ahead" of where they were for the same period last year.
Rising impairment charges limited profits at Barclays in the third quarter as the shadow of write-downs continues to hang over banks.
The bank reported on Tuesday that charges had surged to £6.2billion in the first nine months of the year, more than two thirds more than at the same point last year.
Barclays opened its new look flagship branch in Canary Wharf today with a host of special events and celebrity appearances.
Former England footballer Teddy Sheringham and ex-Wimbledon champion Pat Cash were both on hand to meet the public, while Britain's Got Talent winners Diversity put on a show.
It's never too early to pick up some new business.
While some Wharfers are still hacking their way through crowded Tube at 7.30am, others are already on the hunt for contacts and advice.
Climate camp has been set up in Blackheath for a week, in which time activists have launched actions against London targets such as Barclays, Shell, RBS and even the Daily Mail.
As the tents and haystacks come down, The Wharf talks to camp spokesman Peter McDonnell about the event and its long-term impact.
Climate campers travelled to Canary Wharf this afternoon to launch a protest against Barclays in Churchill Place.
Protesters brought banners - and a football - to One Churchill Place in a bid to "shame" the bank into re-considering its investments in the arms trade and coal power.
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.
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.
Several lights on Canary Wharf's glittering skyline will blink out for an hour on Saturday (March 28).
Wharf tenants are among the organisations getting involved with the World Wildlife Fund's Earth Hour, which will see 2,398 cities in 83 countries switch off their lights at 8.30pm local time.
Barclays has defied expectations to post a profit of £6.1billion for the whole of 2008.
However, the bank, based at Canary Wharf, said on Monday morning it would halve bonus payments as it prepares for a tough year ahead.
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.
Barclays plan to axe 410 jobs in its IT departments in London, Cheshire and Northampton.
The Churchill Place-based bank has kicked off the consultation process on the cuts, which union officials describe as "a bitter blow" to the workforce.
Barclays' bosses braved the wrath of shareholders today to explain why the bank needed to raise almost £6billion of capital from new investors.
The bank's chairman Marcus Agius told a general meeting of shareholders at Excel today failure to secure the promise of funds from the Middle East could have proved "terminal".
Barclays' £7billion deal to raise capital could be under threat from rebel shareholders and it could spell the end for the bank's existing board.
The Canary Wharf-based bank apparently sealed agreements with a number of Middle Eastern investors to raise the capital it needed to secure its future.
Barclays is to raise £7.3billion from middle eastern investors to avoid being bailed out by the Government.
A deal was announced today between the Churchill Place-based bank and investors from Qatar and Abu Dhabi, among others, which will see around a third of Barclays pass into foreign ownership.
It was fun to stay at the YMCA for a team of Canary Wharf Barclays workers.
Working with teambuilding organisation Business2Community, the staff members spent the day away from the office last Thursday to help out at Woolwich Dockyard.
WHARF banks Barclays and HSBC have snubbed the Government’s bail-out plan.
BARCLAYS and HSBC are among the UK banks who have signed up to a rescue package drawn up by the Government.
