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Citigroup’s 3Q25 Profit Up 16% Despite Banamex Stake Sale
By MBN Staff - Tue, 10/14/2025 - 11:16
Citigroup’s 3Q25 net income rose 16% to US$3.8 billion despite a US$726 million loss from selling a 25% stake in Banamex.
https://mexicobusiness.news/tag/german-larrea
More Finance & Fintech
Grupo México Gives Citigroup 10 Days to Evaluate Banamex Offer
By Paloma Duran - Thu, 10/09/2025 - 11:50
The company plans to keep 60% of the investment and open 40% to private investors and pension funds.

Mexico Growth Forecast Rises; Grupo México Renews Banamex Offer
By Mariana Allende - Thu, 10/09/2025 - 10:00
Mexico’s economy gains momentum as Banxico raises growth forecast, fintech partnerships expand, and digital payments rise ahead of 2026 World Cup.
Grupo México Submits Binding Bid to Acquire Banamex, Shares Fall
By MBN Staff - Mon, 10/06/2025 - 15:38
Grupo México renews bid to buy all of Banamex, submitting a binding offer; shares drop 17% as investors react to the potential acquisition
New Reform Proposal Seeks to Ban Open-Pit Mining
By Paloma Duran - Tue, 02/06/2024 - 17:26
A new reform package aims to ensure that no concessions are granted to open-pit projects, despite the prevalence of these activities.

The United Front Lifts Blockade at Grupo México’s Buenavista Mine
By Paloma Duran - Thu, 10/26/2023 - 11:33
An agreement has been reached between the Mining Union and the government to discuss Cananea's environmental and social problems.

Businessmen Offered Help / Turns to Pope’s Tweet
By Ricardo Guzman - Tue, 04/07/2020 - 12:42
Businessmen didn’t ask for help and are willing to do what the government asks. Highlights “we will be judged for our relationship with the poor”…