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US Supreme Court Refuses Citigroup Appeal in Oceanografia Case
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.
https://mexicobusiness.news/tag/jane-fraser
More Finance & Fintech
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.
Citigroup Completes Banamex Division
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.
Confidence in Mexico Unaffected by Citigroup’s Exit: SHCP
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.