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Bob Diamond's firm on the march

Bob Diamond At Davos

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.

JPMorgan faces whale lawsuit

Beached Whale

JPMorgan must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2bn in the 'London Whale' scandal.




Top firm pays up as clients cheated IRS

Large cash and gold withdrawals were one way Bank Lombard Odier & Co allowed U.S. clients to sever a paper trail on their assets and cheat the Internal Revenue Service, the bank admitted, agreeing to pay $99.8m to avoid prosecution.