Banamex, Citigroup

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 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.
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.
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.
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.
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 nears Mexican consumer bank spinoff, WSJ reports
Citigroup is close to spinning off its Mexican consumer bank Banamex, an important part of CEO Jane Fraser's bank overhaul plan, the Wall Street Journal reported on Friday.
Citi Successfully Completes Separation of Consumer, Small, and Middle Market Businesses from Institutional Business in Mexico
Citi today announced the successful separation of its institutional banking business in Mexico from its consumer, small, and middle market businesses. With this separation complete, effective December 1,
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.
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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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 ...
A Simpler Citigroup Begins to Take Shape
CEO Jane Fraser is moving closer to a spinoff of Mexican consumer bank Banamex.