Bob Diamond’s African banking venture, Atlas Mara, has agreed a deal to acquire the commercial arm of Rwanda’s state controlled bank.
Barclays is a British multinational banking and financial services company headquartered in London, United Kingdom. It is a universal bank and is organised within two business 'clusters': Corporate & Investment Banking and Wealth Management, and Retail & Business Banking.
Bob Diamond’s Atlas Mara agreed buy ABC Holdings and ADC African Development Corp. for as much as $265m in the first acquisition by the investment firm of the former Barclays head.
Does size matter ?
Mizuho Financial Group and JPMorgan are among about 20 banks and their affiliates that must face an investor lawsuit accusing them of manipulating benchmark interest rates.
A married bank worker who stole more than £2m ($3.3m) from Barclays and squandered it on lady friends has been jailed for seven years.
The Swiss Competition Commission said it’s investigating UBS and other banks as the probe into the alleged manipulation of foreign-exchange rates deepens.
Brown Shipley, private bank, has announced the appointment of Douglas Noble, Neil Mitchell and Gair Brisbane to its Edinburgh office.
Barclays shareholders should vote against the re-election of the bank’s compensation committee chairman John Sunderland and oppose its pay awards, the U.K.’s Local Authority and Pension Fund Forum said.
Ex-Barclays CEO Bob Diamond received an e-mail in 2007 describing Libor rates as a 'fantasy', according to documents in the first U.K. lawsuit over manipulation of the benchmark.
The investment bank lost the chance to be among firms sharing hundreds of millions of dollars in fees from Alibaba Group's initial public offering when it advised and financed Charlie Ergen’s failed effort to buy Sprint Corp. last year, several people with knowledge of the matter said.
Barclays has announced that Crawford Gillies has been appointed as a non-executive Director of Barclays and will become a member of the Board Remuneration Committee with effect from 1 May 2014.
Here's the latest on the 'Movers & Shakers' front.
Vikram Pandit, chief executive officer of Citigroup Inc., Anshu Jain, who will become co-CEO of Deutsche Bank AG in May, Robert Diamond, CEO of Barclays Plc, and James Gorman, CEO of Morgan Stanley, talk about the outlook for the banking industry and market sentiment.
Another UBS ?
Barclays has settled a £70m Libor court case that will spare its former boss Bob Diamond and other senior colleagues from testifying in a lawsuit that the bank had been vigorously defending.
The Board of Atlas Mara Co-Nvest Limited has announced the appointment of John Vitalo as Chief Executive Officer.
Barclays has said that Daniel Janes, its Australian co-head of investment banking, resigned and Tim Lindley has taken over as head of the unit.
The 2006 CA-sponsored Here Is The City 'Best Chief Information Officer/Chief Technology Officer' poll is over. The votes are in, and have been counted. Here's the final league table:
'It does not look good for the bank at the moment'.