AFP Former IMF chief Rodrigo Rato stands trial on Monday accused of overseeing a “corrupt system” that helped him and other executives misuse funds on hotels, parties and luxury shopping when he was a Spanish bank boss. Uncovered in 2013 by a journalist who saw a hacked email alluding to “black credit cards,” the case threatens to land the …

  Bloomberg As far as Citigroup Inc. is concerned, Mexico has little choice but to carry out an unprecedented interest-rate increase to arrest a plunge in the peso triggered by Donald Trump’s recent surge in US presidential polls. Mexico’s exchange rate has tumbled 6 percent in the past month, the biggest slide among the world’s major currencies. Citigroup economist Sergio …

  Bloomberg As Indian Overseas Bank tackles the highest ratio of soured loans among lenders in Asia’s third-largest economy, it doesn’t help that there hasn’t been a chief executive officer at the helm for about three months. The state-controlled lender based in the southern city of Chennai has had a leadership vacuum since R. Koteeswaran retired on June 30 after …