Atlas Mara cuts jobs as expenses mount

Atlas Mara, the African banking group co-founded by former Barclays chief executive officer Bob Diamond, said it will cut jobs and costs after first-half expenses outpaced revenue growth and profit declined 71 percent. “We have executed a group-wide cost-reduction programme to align our cost base with the current revenue environment,” Atlas Mara, which buys banking … Continue reading Atlas Mara cuts jobs as expenses mount