News 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. The New York-based bank is continuing to work on the proposed initial public offering of Banamex, the timing of which will depend on regulatory approvals and market conditions, Citi said.
News Mexico Business: Citigroup to spin off its Mexico business, Banamex, after sale efforts collapse
Citigroup said Wednesday it plans to pursue an initial public offering of its Mexico business Banamex, scuttling a 16-month effort to find a buyer for the unit. The bank expects to complete the ...
News Mexico Business: Greg Abbott's border stunt keeps harming Texas: Mexico reroutes trade to New Mexico
Gov. Greg Abbott's days-long inspection of commercial trucks entering Texas from Mexico cost the state an estimated $4.2 billion in economic damage. The political fiasco also boosted business in Santa ...
News Mexico Business: Business group blasts Mexico's new lithium law as violating trade deal
A Mexican law that nationalizes its future lithium industry violates its trade obligations and could prove costly to the government if mining companies seek to recoup losses, the local branch of the ...
News Mexico Business: Change trains: Mexico favors N. Mexico over Texas
MEXICO CITY (AP) — The Mexican government is snubbing Texas ... and be held hostage to those who want to use trade as a political issue,” Clouthier told a business conference. “So we are going to look ...
News Mexico Business: Bank of Mexico board member cautions on implementing price controls
Mexico's government is due this week to unveil a plan agreed with business groups to level prices nationwide for staples such as corn, beans, rice and milk in an effort to beat down inflation. read ...
News Mexico Business: Citigroup to exit consumer and small-business banking operations in Mexico
Citigroup Inc. will exit its Mexico consumer banking business, the latest strategic shift by Chief Executive Jane Fraser.
News Mexico Business: Brazilian fintech Ebanx sees Mexico business doubling for second year
Brazilian fintech Ebanx expects to double its business in the Mexican market for a second year in a row in 2022 as it pushes further into Latin America's No. 2 economy, the company's co-founder told ...
News Mexico Business: Citigroup seeks a split from a Mexico business that brought it riches and scandal.
Citigroup will exit its consumer banking business in Mexico, where it has more branches than in any other country, closing the curtain on an operation that was both extremely profitable and plagued by ...
