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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

(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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