Stock

Citigroup nears Mexican consumer bank spinoff, WSJ reports

(Reuters) – Citigroup (NYSE:C) 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.

This post appeared first on investing.com

    Subscribe to our newsletter for early access to new products, exclusive deals, and exciting updates. Don't miss out! Our subscribers are always the first to hear about limited-time offers and new arrivals. Plus, you'll get sneak peeks and bonus content that adds value to your experience.

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.