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By Duncan Randall - Wed, 07/15/2026 - 10:49
Citigroup sets a definitive early 2027 timeline for its Banamex separation, pausing further share sales to prepare for its local market IPO.
https://mexicobusiness.news/tag/jane-fraser
More Finance & Fintech
By Duncan Randall - Wed, 06/10/2026 - 12:56
Mexico’s President Claudia Sheinbaum met JPMorgan CEO Jamie Dimon to discuss the country’s economy and bilateral investment opportunities.
By Duncan Randall - Tue, 05/05/2026 - 15:39
Citigroup sells 22.6% stake in Banamex for US$2.5 billion, advancing its Mexico exit strategy.
By Mariana Allende - Tue, 02/24/2026 - 13:34
Citi agrees to sell 24% stake in Banamex for US$2.5 billion ahead of IPO, advancing Mexico retail exit.
By Perla Velasco - Mon, 01/12/2026 - 13:21
US Supreme Court declined to hear Citigroup’s appeal in a lawsuit accusing the bank of facilitating over US$1 billion in losses tied to Oceanografia.
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.
By MBN Staff - Tue, 12/03/2024 - 15:26
Citigroup finalized the split of its Mexico operations, creating Grupo Financiero Citi Mexico and Grupo Financiero Banamex as independent entities.
By Emilio Aristegui - Wed, 01/19/2022 - 10:59
Citigroup’s exit from Mexico will not affect the bank’s confidence and willingness to pursue major investments in the country, said SHCP.
