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 ...
The move sets up the bank to spin off Banamex in an IPO, as planned. The timing of that will depend on regulatory approval, ...
Citigroup C0.04%increase ... The bank said it would complete a split next week of the systems that underpin Banamex from the rest of its operations in Mexico. That is a precursor to its plan ...