U.K. Prime Minister David Cameron promoted a Treasury minister, Sajid Javid, to the cabinet after Culture Secretary Maria Miller resigned over an expenses probe. It leaves Cameron with just three female cabinet members.
Robert Diamond’s Atlas Mara Co-Nvest Ltd. agreed to buy ABC Holdings Ltd. and ADC African Development Corp. for as much as $265 million in the first acquisition by the investment firm of the former Barclays Plc head.
Ex-Barclays Plc Chief Executive Officer 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.
As 1,100 managing directors from Barclays Capital descended on the Grosvenor House hotel near London’s Hyde Park in late September, they had more to celebrate than having successfully swallowed the North American unit of Lehman Brothers Holdings Inc. two years earlier. Their guy, Bob Diamond , the Massachusetts-born founder of Barclays Capital, had just been handed the top job at parent Barclays Plc in a sign of how he had transformed the 320-year-old British institution in his 14 years as investment bank chief, Bloomberg Markets magazine reports in its January issue.
Bob Diamond, former chief executive officer of Barclays Plc, said his investment firm is seeking to acquire African financial-services companies that can help businesses manage currency and commodity risks on the continent.