With the transformation getting closer to completion, Citigroup will focus on five core businesses: U.S. personal banking, ...

Banamex USA, a Century City unit of Citigroup Inc. that served customers doing business in Mexico and the U.S., has agreed to shut down and pay $140 million in penalties to settle state and ...

Banamex, Citigroup’s once-prized Mexico subsidiary, is cleaning house. In addition to the departure of the unit’s CEO earlier this month, high-ranking employees of the bank’s Banamex ...

Citigroup’s Mexican banking subsidiary Banamex has found itself caught in another alleged fraud, this time at its personal security unit, which the New York banking group is now disbanding.

Banamex will continue to be reported as part of Citi's continuing operations until ownership falls below a 50% voting interest, at which point the business will be deconsolidated, the statement added.

Banamex was put up for sale in January of 2022, after Citi initially said it might keep the bank. The move to exit — but keep its institutional banking business — is part of chief executive ...

Citigroup Inc. Chief Executive Officer Jane Fraser said the company’s efforts to exit its retail-banking operations in Mexico are taking longer than anticipated, though the Wall Street giant ...

Citi to pursue IPO of Banamex business, resume ‘modest level’ of stock repurchases Banco Nacional de México brand will be retained after IPO, which is expected to take place in 2025 ...

Citigroup Inc.’s Banamex “could represent a good opportunity” for Mexico to own a bank, President Andres Manuel Lopez Obrador said Wednesday after the US bank announced that it would halt a ...

Mexico's headline inflation landed in line with expectations in the first half of June, reinforcing analysts' expectations ...