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 ...

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 ...

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 ...

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 ...

La directora ejecutiva de Citigroup Inc., Jane Fraser, dijo que una oferta pública inicial de su unidad Banamex es el mejor camino para los accionistas, tras la abrupta decisión del banco de ...

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 ...

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.

By Rafael EscaleraMontoto (Reuters) -Mexican lender Banorte is not considering making a bid for Banamex, Citi's one-time retail unit in the country which it split off last year, CEO Marcos Ramirez ...