A day after the US presidential election, the lender recommended buying South Africa’s rand and selling Mexico’s peso. Strategists argued the rand was fundamentally set to strengthen as South ...

The move to split Grupo Financiero Citi México from Grupo Financiero Banamex is part of Citi's sweeping overhaul under CEO ...

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

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

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

Grupo Financiero Citi Mexico caters to institutional clients, while Grupo Financiero Banamex focuses on consumer, small, and ...

Citi in May last year abandoned a $7bn sale of Banamex to Grupo México, opting for an IPO after negotiations stalled. Banamex, which serves 20mn clients via 1,300 branches, is expected to list by 2025 ...

"So that by the second half of 2024, the split between Banamex and Citi Mexico is complete," he added. In May, certain anonymous sources informed Reuters that the bank was considering a dual stock ...

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 step ...

Photo courtesy of Citi What is social finance? My journey into social finance began in the early 2000s, when I was working as a corporate banker. A trip to southern Mexico changed my perspective.