Citigroup nears Mexican consumer bank spinoff, WSJ reports-February 2024-www.financetom.com

Citigroup nears Mexican consumer bank spinoff, WSJ reports

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Citigroup nears Mexican consumer bank spinoff, WSJ reports

Nov 29, 2024 3:16 AM

Nov 29 (Reuters) - Citigroup ( C/PN ) 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 ( C/PN ) did not immediately respond to a Reuters request

for comment.

(Reporting by Pritam Biswas in Bengaluru; Editing by Abinaya

Vijayaraghavan)

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