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People News: Carlyle, Citigroup

Citi Building Sign

Carlyle Group’s top credit and hedge-fund executive, Mitch Petrick, will leave the alternative-asset manager after several funds in his unit posted losses even as assets expanded.



Deutsche Bank - Foyer Bridge

Ex-Deutsche Bank trader denies manipulating rates

A former London-based Deutsche Bank trader pleaded not guilty Thursday to U.S. charges he manipulated a benchmark interest rate that is not only tied to trillions of dollars in securities and loans but is also the focus of government investigations worldwide into bank misconduct.