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 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
Monday said it has completed the separation of Banamex from its institutional banking business in Mexico. With
Citigroup Nears Banamex Spin-Off Amid Organizational Overhaul
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 Journal.
The Smartest Warren Buffett Stocks to Buy With $1,000 Right Now
Warren Buffett's long-term success in the stock market is undeniable. Since becoming CEO of Berkshire Hathaway (NYSE: ...
A Simpler Citigroup Begins to Take Shape
CEO Jane Fraser is moving closer to a spinoff of Mexican consumer bank Banamex.
Citigroup slashes banker promotions in cost-cutting drive: report
Just 2,000 Citi employees can look forward to an early Christmas present of a pay raise and a more senior title, down from ...
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 ...
Citigroup: Q3 Performance Justify Fair Value
Citi's valuation metrics indicate a mixed picture: a high P/E ratio suggests accounting risks, but a low P/B ratio offers a ...
Citigroup CEO Fraser meets Chinese vice-premier, Shanghai mayor as Beijing touts reforms
China's Vice-Premier He Lifeng met Citigroup CEO Jane Fraser in Beijing on Thursday, underscoring efforts to open up the ...
Fast Company10mon
Jane Fraser
Jane Fraser, Citi’s new CEO, is the first woman to lead a major U.S. bank Fraser will replace a retiring CEO Michael Corbat in February, the company announced today. Banker Jane Fraser is ...
Citigroup: Still Undervalued As Restructuring Is Showing Results
Citigroup is a strong value play with potential for further gains, low valuation metrics, and a promising dividend yield. See ...