Bloomberg The head of BNP Paribas SA’s business catering to hedge-fund clients has left for UBS Group AG, a blow for the French bank as it attempts to build out the division. Ashley Wilson, head of prime finance at BNP Paribas, will become head of financing at Zurich-based UBS’ global markets division, according to people familiar with the matter. …

  Bloomberg Banco Santander SA was eliminated from the bidding process for Citigroup Inc’s Mexican unit, opening the way for a takeover by a local rival. The Spanish lender made a non-binding offer for Banamex but has been informed it isn’t proceeding to the next stages of the process, it said in a regulatory filing on. Mexican President Andres Manuel …

  Bloomberg Mitsubishi UFJ Financial Group Inc is bolstering its commodity trade-finance business, helping the industry cope with the surge in liquidity needs following Russia’s invasion of Ukraine. The Japanese bank is splitting its agriculture and metals desks in London, after setting up shop in Amsterdam earlier this month. It has also stepped up lending to core clients, as war-related …