Citigroup abandons long-planned sale of Banamex to pursue IPO - Financial Times

US lender drops previous effort to sell Mexican retail bank it bought in 2001

By: Financial Times

May 26 2023
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Citigroup has said it will spin off its Mexican retail bank through an initial public offering, abandoning a plan hatched early last year to sell the unit. The US lender plans to completely separate… [+3621 chars]

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