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 ...

The bank said it would complete a split next week of the systems that underpin Banamex from the rest of its operations in Mexico. Citi plans to unload a slice of its stake through an initial ...

Citigroup Inc. is developing plans for an IPO of the Banamex division in Mexico after the completion of the transaction to separate these assets from the Citigroup structure. This is reported in a ...

Citigroup, Inc. C is nearing spinning off its consumer, small business and middle-market banking operations in Mexico — Banco Nacional de México (“Banamex”). The news was reported by the Wall Street ...

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Citigroup is nearing an important milestone in efforts to spin off its Mexican consumer bank, an important part of chief executive Jane Fraser’s turnaround strategy. The bank said it would ...