Mexico’s banking sector faced its most dramatic development in years as IPAB revoked CIBanco’s license and began liquidating ...

The bank continued to show support for an earlier bid from billionaire Fernando Chico Pardo to take a 25% stake in the ...

Grupo Mexico will not enter a bidding war for Citi's retail unit in the country, known as Banamex, as its offer already places the lender at a higher value than a previously accepted competing bid, ...

MEXICO CITY (AP) — A day after Citigroup announced it would sell a 25% stake in Banamex to billionaire Fernando Chico Pardo, the Mexican businessman said his $2.3 billion investment should be read as ...

Citigroup still plans to pursue an IPO for its Mexican retail unit even after receiving a new offer by mining and ...

Citigroup on Thursday rejected Mexican mining and transport conglomerate Grupo Mexico's bid for its retail unit in the country, known as Banamex, opting instead to push forward with a previously ...