bankingdive3h
Citi separates Mexico retail ops from institutional business
The move sets up the bank to spin off Banamex in an IPO, as planned. The timing of that will depend on regulatory approval, ...
Hosted on MSN19d
Merger activity is down 40% from its peak. Citigroup CEO Jane Fraser sees a ‘big unlock’ ahead.
‘We’re seeing the big unlock with M&A …. It’s going to be pretty active.’ — Citigroup Chief Executive Jane Fraser That’s ...
EconoTimes3h
Citi Completes Banamex Split, Paving the Way for a 2025 IPO Across Mexico and Wall Street
Citigroup has officially separated Banamex from its institutional banking arm, accelerating plans for a 2025 dual IPO. With ...
A Simpler Citigroup Begins to Take Shape
CEO Jane Fraser is moving closer to a spinoff of Mexican consumer bank Banamex.
Citigroup slashes banker promotions in cost-cutting drive: report
Just 2,000 Citi employees can look forward to an early Christmas present of a pay raise and a more senior title, down from ...
Bloomberg L.P.20d
Citigroup CEO Fraser Says It’s ‘Game On’ for Deals in the US
Citigroup Inc. Chief Executive Officer Jane Fraser said that clients who’d been waiting on the sidelines to do deals are focused on moving forward with mergers and acquisitions as they see that ...
Citigroup nears Mexican consumer bank spinoff, WSJ reports
Citigroup is close to spinning off its Mexican consumer bank Banamex, an important part of CEO Jane Fraser's bank overhaul ...
Citigroup: Q3 Performance Justify Fair Value
Citi's valuation metrics indicate a mixed picture: a high P/E ratio suggests accounting risks, but a low P/B ratio offers a ...
Citi Splits Mexico Business With 93% of Staff Headed for IPO
Plans are advancing for an initial public offering of Citigroup Inc.’s Banamex business in Mexico after the bank finished ...