Citi, Mexico

Citi separates Mexico operations into two separate financial groups
Grupo Financiero Citi Mexico caters to institutional clients, while Grupo Financiero Banamex focuses on consumer, small, and middle market businesses.
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, but the bank has long targeted next year.
Citi completes split of Mexico business; NatWest may return to full private ownership in 2025
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.
Citi Completes Banamex Split, Paving the Way for a 2025 IPO Across Mexico and Wall Street
Citigroup has officially separated Banamex from its institutional banking arm, accelerating plans for a 2025 dual IPO. With listings in Mexico City and New York under consideration, this move reflects Citis ongoing push
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.
Citi separates from Banamex, this is what will happen with ATMs
Citi will continue to offer its financial products and services through Citi Private Bank. The banking company will operate in Mexico through Banco Citi México and Citi México Casa de Bolsa. Finally, it was announced that CitiBanamex credit and debit accounts will become part of Banamex alone.
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
Citigroup Completes Separation Of Banamex
Monday said it has completed the separation of Banamex from its institutional banking business in Mexico. With
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 ...
WSJ: Citigroup Nearing Spinoff Of Citibanamex
As per a report published in The Wall Street Journal, Citigroup Inc. (C) is nearing the spinoff of Banco Nacional de México, or ...
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Citi World Series: Rojas leads Mexican domination in Guadalajara
The hosts topped medals table with 14 gold medals followed by Argentina and Peru in top three of medal standings as thrilling ...
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Earlier Mexico IPO potential ‘good news’ from Citi 10-Q, says Wells Fargo
Wells Fargo notes Citi’s (C) new 10-Q was released after Thursday’s close and points out the timing of its Mexico IPO may be earlier than previously expected, calling this the “key point ...
A Simpler Citigroup Begins to Take Shape
CEO Jane Fraser is moving closer to a spinoff of Mexican consumer bank Banamex.
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Citi World Series: Aceves, Gutierrez to debut as new Paralympic medallists at home
The Citi Para Swimming World Series returns to the sporting calendar following the Paris 2024 Paralympic Games, with its ...
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Social finance creates more equitable world: Citi
Social finance initiatives can enhance financial inclusion, facilitate access to essential services, create job opportunities ...