Citigroup nears Banamex stake sale to Chico Pardo, signaling faster deal closure and potential Banamex listing. Get the ...

Mexican financial authorities are close to approving an offer by billionaire Fernando Chico Pardoto buy a 25% stake in Citigroup Inc.’s Mexican retail-banking unit, Banamex, paving the way to list the ...

Citigroup Inc.’s Mexican retail banking unit aims to keep up aggressive growth in consumer credit and will seek to re-enter the corporate banking sector, as it operates more independently from its ...

Citigroup Inc. has postponed the placement of shares in the Mexican division of Banco Nacional de Mexico (Banamex) until 2026, taking into account market instability, obtaining regulatory approval and ...

Citigroup has completed the separation of its Mexican subsidiary Banamex from its institutional banking business in Mexico, the major US-based bank said on Monday. With this separation, Citigroup will ...

NEW YORK (Reuters) -Citigroup has agreed to sell a 25% stake in Grupo Financiero Banamex to a company owned by Mexican billionaire Fernando Chico Pardo and his family, marking a step toward Citi's ...

ATLANTA & MEXICO CITY--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, and Banco Nacional de México, S.A., member of the ...

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 a sign of ...

Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls at the bank’s Banamex subsidiary may have allowed customers to launder money ...

Banamex USA, a Century City unit of Citigroup Inc. that served customers doing business in Mexico and the U.S., has agreed to shut down and pay $140 million in penalties to settle state and federal ...