banamex citigroup news

Citi completes split of Mexico business

Citibanamex separation now complete, says Citigroup

Citigroup announced Monday that it has completed the separation of Banamex, one of Mexico's oldest retail banks, from Citi México.

DPA International on MSN · 2d

Citigroup completes separation of Banamex ahead of IPO

Citigroup has completed the separation of its Mexican subsidiary Banamex from its institutional banking business in Mexico, the major US-based bank said on Monday. With this separation, Citigroup will now operate two separate financial groups in Mexico: Grupo Financiero Citi México and Grupo Financiero Banamex.

Reuters on MSN · 2d

Citi completes split of Mexico business ahead of Banamex IPO

Citigroup has completed the separation of Banamex from its institutional banking business in Mexico as it prepares to list the retail bank, the Wall Street giant said on Monday. The move to split Grup

Business Insider · 2d

Citigroup Completes Separation Of Banamex

Monday said it has completed the separation of Banamex from its institutional banking business in Mexico. With

Zacks.com on MSN · 2d

Citigroup Nears Banamex Spin-Off Amid Organizational Overhaul

Citigroup, Inc. C is nearing spinning off its consumer, small business and middle-market banking operations in Mexico — Banco Nacional de México (“Banamex”). The news was reported by the Wall Street Journal.

Infobae2y

“For some it would be a once-in-a-lifetime opportunity”: Citigroup started talks with potential Banamex buyers

Citigroup's chief financial officer, Mark Mason, revealed that he has already started talks with potential Banamex buyers. At a press conference where he announced the quarterly financial results ...

Citi Splits Mexico Business With 93% of Staff Headed for IPO

Plans are advancing for an initial public offering of Citigroup Inc.’s Banamex business in Mexico after the bank finished ...

bankingdive2d

Citi separates Mexico retail ops from institutional business

The move sets up the bank to spin off Banamex in an IPO, as planned. The timing of that will depend on regulatory approval, ...

Wall Street Journal5d

A Simpler Citigroup Begins to Take Shape

Citigroup C1.01%increase ... The bank said it would complete a split next week of the systems that underpin Banamex from the rest of its operations in Mexico. That is a precursor to its plan ...

Yahoo Finance5d

Citigroup Set to Spin Off Banamex Amid Major Restructuring Strategy

According to a Wall Street Journal article, Citigroup (NYSE:C) is almost spinning off Banamex, its Mexican consumer banking division, in line with CEO Jane Fraser's restructure plan. A crucial ...

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