Citi completes split of Mexico business

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 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
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
Monday said it has completed the separation of Banamex from its institutional banking business in Mexico. With
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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 ...
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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 ...
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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 ...
Cemex SAB Restructures Trustee Role Amid Citigroup Exit
Cemex SAB (CX) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now At 40% ...
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O’Boyle to cover Mexican finance for Bloomberg
Sally Bakewell, U.S. finance team leader at Bloomberg News, sent out the following on Wednesday: Hi all, We’re delighted to announce that Michael O’Boyle will be joining our team as Mexican finance ...
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 ...
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.