Morning Scan: Banamex Fraud Claims Jobs; ECB May Ease Policy

Receiving Wide Coverage ...

Fallout from Citi's Mexican Subsidiary Fraud: The alleged fraud at Citigroup's Mexican subsidiary, which resulted in a $400 million loss, cost 11 more employees their jobs on Wednesday. A Wall Street Journal investigation into what went wrong claims that Banamex, Citi's Mexican unit, "showered loans" on the troubled oil company Oceanografia despite warning signs of fraud that caused other major banks to pull back their lending to the company. Among the red...