Page 1109 


BoE's Carney braced for grilling in forex probe

Mark Carney

Bank of England Governor Mark Carney is due to get a grilling from U.K. lawmakers on Tuesday, as the investigation into alleged manipulation of the currency markets reaches Britain's central bank.

Citigroup's efforts to control Mexican unit rebuffed


Efforts by Citigroup senior executives to tighten controls in Mexico were rebuffed by managers there for at least five years before the U.S. bank found the local unit had suffered a $400m loan fraud last month, four people with direct knowledge of the matter said.

Former Jefferies director convicted of fraud


Former Jefferies Managing Director Jesse Litvak was convicted in the only criminal case against an individual in connection with a U.S. program that used bailout funds to spur investment in mortgage-backed securities.

UBS to restart investment banking in Brazil

Brazil Fans

UBS will restart investment banking operations in Brazil as early as this week, sources said, almost five years after the bank sold its highly profitable securities unit there following the global financial crisis.