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 told who specifically the Mexican authorities are after.
Wall Street Journal
This isn't the first time anyone has fretted over the outlook for home-equity lines of credit, but with an average $50 billion in Helocs ready to reset in each of the next three years, it's worth
Financial Times
Disruption is afoot is on the other side of the pond. The FT reports that Santander UK, Nationwide and Lloyds' spinout TSB are on track to open at least 2 million current accounts (that's British for checking accounts) in the U.K. this year. And there are more
New York Times
In case you missed it, the paper on Sunday printed