Citigroup, Grupo Financiero Banamex

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 México.
Citigroup Nears Banamex Spin-Off Amid Organizational Overhaul
C nears divesting Banamex as part of its restructuring efforts to exit the retail banking business in some markets and invest in sectors with high potential.
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 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 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.
Citigroup Completes Separation Of Banamex
Monday said it has completed the separation of Banamex from its institutional banking business in Mexico. With
Wall Street Journal5d
A Simpler Citigroup Begins to Take Shape
Citigroup C1.01%increase ... The bank said it would complete a split next week of the systems that underpin Banamex from the rest of its operations in Mexico. That is a precursor to its plan ...
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 ...
bankingdive2d
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, ...
Infobae2y
“For some it would be a once-in-a-lifetime opportunity”: Citigroup started talks with potential Banamex buyers
Citigroup's chief financial officer, Mark Mason, revealed that he has already started talks with potential Banamex buyers. At a press conference where he announced the quarterly financial results ...
Yahoo Finance5d
Citigroup Set to Spin Off Banamex Amid Major Restructuring Strategy
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 ...
The Financial Times8d
Citigroup slashes promotions as it seeks to overhaul bank
Citigroup is slashing the number of year-end ... with the planned initial public offering of its Mexican retail bank Banamex. But after cutting 10,000 positions in the first half of the year ...