Citi completes split of Mexico business

Citi Completes Split of Mexico Business Ahead of Banamex IPO
The move to split Grupo Financiero Citi México from Grupo Financiero Banamex is part of Citi's sweeping overhaul under CEO Jane Fraser aimed at simplifying its sprawling structure as it looks to improve the bank's performance.
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 separating out the division from its broader institutional offerings in the country.
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 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
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.
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.
Citigroup Completes Separation Of Banamex
Monday said it has completed the separation of Banamex from its institutional banking business in Mexico. With
GlobalData on MSN1d
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 ...
Mexico News Daily1d
Citibanamex separation now complete, says Citigroup
Citigroup announced Monday that it has completed the separation of Banamex, one of Mexico's oldest retail banks, from Citi ...
The Globe and Mail19m
Citi Says This Warren Buffett Stock Is a Sell, Here's Why
30, while in Mexico, Nu’s expansion remained solid ... Shares of Nu fell 4.2% on Dec. 2 after Citi analysts raised concerns about the company, downgrading the fintech giant from “Neutral” to “Sell ...
Nu Holdings cut to Sell at Citi as growth trajectory challenged
Citi downgraded Nu Holdings (NYSE:NU), which operates NuBank in Brazil and Mexico, to Sell from Neutral as it faces a tougher ...
El Dictamen2d
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, ...
Aluminum, Steel Most Exposed Metals to Trump Tariffs, Citi Says
Aluminum and steel will be the most impacted metals under President-elect Donald Trump’s threat to impose 25% tariffs on ...
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 ...
A Simpler Citigroup Begins to Take Shape
CEO Jane Fraser is moving closer to a spinoff of Mexican consumer bank Banamex.