Bank of England officials knew of concerns the foreign-exchange market was being manipulated as early as July 2006, more than seven years before regulators opened formal probes into alleged rate-rigging.
Job vacancies at London’s financial- services companies rose by a quarter in February as the pick-up in initial public offerings spurred hiring by brokerage firms and smaller banks, according to a recruitment survey.
The owners of the 37-story skyscraper in the City of London financial district known as the Walkie Talkie are seeking permission to mount sun-shading gear to block a car-melting light beam cast by the tower.
Hines Global REIT plans to buy 25 Cabot Square in the Canary Wharf financial district from Morgan Stanley, Property Week reported late today without saying where it got the information. * Says MS hired DTZ as broker for property; building offered for ~GBP200m * MS has more than 5,000 workers in London: website * MS spokesman Hugh Fraser and Richard Stocks, a Hines spokesman, at FTI Consulting, declined to comment
Modern office towers with nicknames like the Walkie Talkie and the Cheesegrater are being completed high above the City of London, giving the impression there’s plenty of room for a resurgent financial industry. Closer to the ground, developers are preparing for a shortage of space.