Citigroup nears Mexican consumer bank spinoff, WSJ reports
6:51 am Friday, November 29th, 2024
(Reuters) – Citigroup is close to spinning off its Mexican consumer bank Banamex, an important part of CEO Jane Fraser’s bank overhaul plan, the Wall Street Journal reported on Friday.
Citigroup did not immediately respond to a Reuters request for comment.
(Reporting by Pritam Biswas in Bengaluru; Editing by Abinaya Vijayaraghavan)
