Bloomberg Mexico’s central bank will probably raise the key interest rate this month, and then follow inflation data and US Federal Reserve decisions closely to decide its next moves, Banxico board member Jonathan Heath said. The debate for February’s decision will be whether to increase borrowing costs by a quarter point or half a point, he noted in a …

  Bloomberg Banca Monte dei Paschi di Siena SpA said it will review the position of its chief executive next week, signalling a response to government pressure to replace him amid talks with the European Union (EU) over the nationalised bank’s future. The bank announced that “an item of corporate governance” concerning Chief Executive Officer Guido Bastianini had been added …

  Bloomberg Citigroup created a new team inside its trading division that will focus on working more closely with minority depository institutions and diverse broker dealers and asset managers. The firm’s new diverse financial institutions group team will be led by Harold Butler, a senior banker who spent 16 years covering the US Treasury Department and the Federal Reserve System …