Bloomberg - C Suisse said planning to vacate a Canary Wharf office

Credit Suisse plans to vacate one of its offices in London’s Canary Wharf financial district following staff cuts and a program to reduce costs, according to two people with knowledge of the matter.

Bloomberg News reports that the will relocate staff from 17 Columbus Courtyard to its adjacent, and larger, One Cabot Square office in about two years, the people said, asking not to be identified as the details are private.

It may then try to sublease the smaller property until the lease ends in 2024, or negotiate an early exit with the building’s owner HNA Group Co., they said. The office has about 200,000 square feet (18,500 square meters) space, the equivalent of about three soccer pitches.

A spokesman for Credit Suisse declined to comment.

Hit the link below to access the complete Bloomberg News article:

Credit Suisse Plans to Vacate London Office Building

Ex-Credit Agricole Intern Loses Suit Alleging Boss's Misogyny


JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News