Results tagged “citigroup”
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.
When a woman becomes a mother, does the glass ceiling turn into a concrete roof?
Maternity in the workplace has become even more of a conversation piece following the emergence of draft European legislation increasing paid leave.
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.
A Citigroup employee who stole thousands of pounds of goods from the company and tried to sell them on eBay has been jailed.
IT contractor Fitzpatrick Kinyanjui, 40, of Mayfair Court in Watford, Hertfordshire, pleaded guilty to one count and theft and was sentenced to 12 months in prison at Snaresbrook Crown Court last week.
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.
Citibank International unveiled its 2008 accounts today and they don't make pretty reading for the beleaguered banking group.
The Wharf-based bank made net credit losses of £532million last year, compared to £125million in 2007.
Canary Wharf Group's parent company Songbird has posted a £1.82billion pre-tax loss for the year.
The estate landlord - which has been hit by falling property prices in recent months - warned there is a material risk of breaching financial covenants over the next 12 months.
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.
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.
The US treasury has agreed the biggest banking bail-out so far in a bid to rescue Citigroup.
The government will guarantee up to $306billion (£205bn) of losses and inject $20billion (£13.3bn) in capital to help stabilise the bank, which saw its shares plummet by around 60 per cent last week.
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.
Citigroup plans to reduce its workforce by 52,000 as it prepares to weather choppy financial waters.
The New York City bank told investors on Monday that it aims to trim its worldwide headcount to 300,000 in the near future. Citigroup has already cut 23,000 jobs since the start of the year.
THOMAS Ostenberg was once making important financial deals, but he’s now more likely to be found making bronze models.
Thomas was vice-president at Citigroup in Brazil and later Spain in the period following Franco’s death, before he became disenchanted with the work.
What happened next was the beginning of a long road towards making it as a bronze sculptor, including many long hours perfecting his work at the AB and Bronze Age foundries in Docklands.
CITIGROUP may be about to axe up to 2,000 jobs in Canary Wharf as it tries to off-set its credit crunch losses.
The banking giant has announced worldwide cuts of 9,000 jobs after revealing a first quarter loss of £2.7billion ($5.11bn) last week. Commentators predict a number will come from the bank’s UK headquarters in Canada Square.
Citigroup is the biggest bank in the US, but only Swiss firm UBS has been forced to announce more write-downs and credit losses since America’s sub-prime mortgage market collapsed last year. Worldwide job losses of 4,200 were scheduled by the bank in mid-January after it was forced to write off £11.3billion in sub-prime investments and losses in the fourth quarter last year.
Reuters got the better of Canary Wharf rivals Citigroup in a keenly contested City League cup clash.
The plate competition match at Charlton Park saw the media company beat their banking neighbours 43 - 31 on Wednesday evening (March 26).
It was a game of two very different halves in wet and windy conditions. Citigroup led 24-5 at half-time and also scored first in the second period.
THE SIX Nations might just have finished but for Canary Wharf rugby players the biggest tournament of the season is about to take place.
The City Scrum touch rugby tournament next Thursday (April 3), at the Honourable Artillery Company in City Road, will see 10 teams from banks and other institutions battle it out to be the City’s top rugby dogs.
The tournament is being organised by law firm Norton Rose, and Canary Wharf is well represented with teams from HSBC, Reuters, Citigroup and Credit Suisse all taking part.
LINKS between the classroom and the boardroom are set to improve as a financial services school moves into new premises on the doorstep of Canary Wharf.
The National Skills Academy for Financial Services officially opens at its new facility in the George Green Building in East India Dock Road today (Thursday, February 21).
The Academy, supported by Canary Wharf firms including Citigroup and HSBC, provides training across a range of financial disciplines for budding Wharf workers from Tower Hamlets. It will be opened by Hector Sants, chief executive of the Financial Services Authority.
Courses have been run at Tower Hamlets College in Poplar for the last 18 months but with £1million
of investment from London Thames Gateway Development Corporation students now have a purpose-designed building in which to work.
CITIGROUP is planning to clear nearly six floors of office space at its Canary Wharf headquarters.
The banking giant wants to release 150,000 square feet at its 25 Canada Square base, the largest batch of completed tower space available in London.
It has appointed Knight Frank and Cushman and Wakefield as joint agents in the deal.
Citi has approximately 25 years remaining on its lease with Propinvest and Derek Quinlan, who bought the building for £1billion in December.
The bank looks set to cut around 400 jobs in the UK as part of a re-structuring plan, mainly in the fixed income sector.
