Company News



Citigroup Says Banamex CEO Resigns After ‘Challenges’

Citigroup Inc. said Javier Arrigunaga resigned as chief executive officer of Grupo Financiero Banamex, the most senior departure stemming from an alleged $400 million fraud disclosed in February. . .

http://www.bloomberg.com/news/2014-10-03/citigroup-s-banamex-ceo-arrigunaga-resigns-torres-cantu-named.html



UK financial services growing at fastest rate since crisis

CBI says companies have reported rising profits and strongest rise in business volumes since 2007 . . .

http://www.theguardian.com/business/2014/oct/06/uk-financial-services-growing-fastest-rate-crisis



IMF: Time has come for big changes in banker pay

Banker compensation may get more complicated and have fewer zeroes if the International Monetary Fund has a say. . .

http://hereisthecity.com/en-gb/2014/10/06/imf-time-has-come-for-big-changes-in-banker-pay/



Bankers Targeted in $20 Billion Moldovan Laundering Case

Moldova plans to charge four or five bankers with money laundering, saying they helped shift as much as $20 billion in illicit cash from Russia to Latvia. . .

http://www.bloomberg.com/news/2014-09-30/bankers-targeted-in-20-billion-moldovan-laundering-case.html



Bankers’ pay withheld from Lord Hill’s remit

Jean-Claude Juncker has deprived Britain’s Lord Hill of lead responsibility for overseeing financial sector pay in a serious setback for London that will help disarm critics in the European parliament. . .

http://www.cnbc.com/id/102034890