SEC investigates Citigroup over fraudulent Mexican loans: source
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is investigating Citigroup for accounting fraud after it disclosed bogus loans in its Mexican Banamex unit, a source familiar with the investigation said.
Stocks pressured, yen, Swiss franc rise on Ukraine anxiety
TOKYO (Reuters) – Escalating political tensions in Ukraine pressured Asian stocks on Monday, forcing anxious investors to cut their exposure to riskier assets in favor of traditional safe haven bets such as the Japanese yen and Swiss franc.
Two Microsoft executives to leave company: report
(Reuters) – Two Microsoft Corp executives, Tony Bates and Tami Reller, are preparing to leave the company as Satya Nadella takes over as chief executive, according to a media report.
Britain preparing to end plans to tax Bitcoin trading: FT
(Reuters) – Britain’s revenue collector is preparing to abort its plans to tax Bitcoin trading only days after the currency’s leading exchange, Mt Gox, collapsed after losing almost $500 million of customer deposits to hackers, the Financial Times repo…
SEC investigates Citigroup over fraudulent Mexican loans: source
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is investigating Citigroup for accounting fraud after it disclosed bogus loans in its Mexican Banamex unit, a source familiar with the investigation said.
Spot checks on the global economy and a dilemma for the ECB
LONDON (Reuters) – Take your pick of the most important economic event of the coming week – forward-looking global activity data, interest rate decisions in Europe or a spot-check on U.S. jobs after a month of particularly bad weather.
Boeing may slow F/A-18 plane output to keep line going longer
WASHINGTON (Reuters) – Boeing Co is considering a slower build rate and other options to keep production of its EA-18G electronic attack planes running into 2017, and give Congress time to add more orders, a top company executive told Reuters in an int…
Former Ecobank directors defend under-pressure CEO Tanoh
ACCRA (Reuters) – Two former directors of Ecobank defended CEO Thierry Tanoh and said he is under pressure to resign because he is dealing with governance problems that allegedly took place before his tenure began at one of the biggest banks in sub-Sah…
RBS draws up rescue plan for Ulster Bank: report
LONDON (Reuters) – Part-nationalized Royal Bank of Scotland is working on a plan to salvage its troubled Irish business, Ulster Bank, by merging it with a number of rivals, the Sunday Times newspaper reported.
Novartis chairman rules out merger with Roche: paper
ZURICH (Reuters) – Swiss pharma group Novartis will work more closely with rival Roche but rules out a merger, its chairman said in a newspaper interview on Sunday.
