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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.

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Nomura sees 49% profit fall

Nomura Holdings’ third-quarter profit fell 49% as brokerage commissions and investment-banking fees slumped and the firm posted another loss abroad.