Citigroup is slashing the number of year-end ... with the planned initial public offering of its Mexican retail bank Banamex. But after cutting 10,000 positions in the first half of the year ...
The move sets up the bank to spin off Banamex in an IPO, as planned. The timing of that will depend on regulatory approval, ...
According to a Wall Street Journal article, Citigroup (NYSE:C) is almost spinning off Banamex, its Mexican consumer banking division, in line with CEO Jane Fraser's restructure plan. A crucial ...
Citigroup is nearing an important milestone in efforts to spin off its Mexican consumer bank, an important part of chief ...
Citigroup's chief financial officer, Mark Mason, revealed that he has already started talks with potential Banamex buyers. At a press conference where he announced the quarterly financial results ...