Results tagged “citigroup”

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.

JP Morgan lost their crown at this year's City Scrum tournament with Citigroup ended up victorious in the one day event.

Legal firm Norton Rose hosted the finals on Tuesday at the Honourable Artillery Company in the Square Mile.

Citigroup is switching back into growth mode after three years of retrenchment and restructuring, according to the Financial Times.

The firm is reported to have fired the starting gun on a recruitment drive, indicating that the job market across the financial sector may be on the up.

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.

Tackling worldwide poverty is one of the most pressing issues in the 21st century and it's a matter that the financial services industry is keen to confront.

This week, leading financiers converged on the University of Greenwich for a two-day forum on microfinancing.

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.