Morning Scan: Mexican Authorities on Ex-Banamex Bankers' Tails

Receiving Wide Coverage ...

Banamex Update: In Mexico, warrants have been issued for the arrest of an unspecified number of former Citigroup executives allegedly tied to a $400 million fraud at the bank's Banamex subsidiary. Citi fired 11 people last month for what CEO Michael Corbat described as "actions or inactions [that] failed to protect our company from this fraud." According to the reports, Citigroup has been made aware of the warrants but has not been...