WebSep 15, 2024 · MEXICO CITY, Sept 14 (Reuters) - Citigroup's residual wholesale Mexico business will be known as Citi Mexico after the sale of its retail unit, which will operate under the name Banco... WebFeb 7, 2024 · Grupo Mexico, headed by billionaire German Larrea, is among the last candidates still standing in Citi's year-long journey to sell its retail unit, known as Banamex, and has placed a bid of up...
Citi nears sale of Mexican bank Banamex despite state interference ...
WebJan 11, 2024 · January 11, 2024, 6:45 p.m. EST 2 Min Read. Citigroup plans to exit retail banking in Mexico, adding to the list of CEO Jane Fraser’s moves to simplify operations, invest in growth businesses and improve shareholder returns. The global company announced Tuesday that it will shed the consumer, small-business and middle-market … WebFeb 24, 2024 · MEXICO CITY, Feb 24 (Reuters) - The sale of Citigroup's (C.N) Mexican business Citibanamex could be done directly or through an initial public offering (IPO), the head of the Mexican business... farmers state bank of marion il
Update: How Is the Planned Sale of Citigroup
WebFeb 9, 2024 · Grupo Mexico, the conglomerate run by mining magnate German Larrea, is negotiating the percentage of Banamex that Citigroup would keep if an agreement is … WebJan 20, 2024 · At the very beginning of 2024, Citigroup (C 0.77%) announced its plans to shed its consumer, small business, and middle-market banking operations within its … WebJan 13, 2024 · After 20 years of operating in the country, Citigroup announced on January 11, 2024, that it intended to sell its Citibanamex consumer and business banks while maintaining its Institutional Clients Group operations. According to Bloomberg, Citigroup would put a value of 15 billion dollars on the sale of Banamex. free people smocked dress