Citigroup to Exit Mexico Consumer Banking Business

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Citigroup will exit its Mexico consumer banking business, the latest move by CEO Jane Fraser to simplify the bank

The bank said Tuesday it would exit consumer, small-business and middle-market banking in Mexico, a business best known as Banamex. Citigroup said the change was part of its continuing “strategic refresh.”

over the past year and now will be left with a consumer business serving a handful of U.S. cities and a few international hubs. Her goal has been to simplify the bank, concentrating on wealthy consumers and credit cards. The bulk of Citigroup’s profit comes from serving global companies.

 

از نظر شما متشکرم. نظر شما پس از بررسی منتشر خواهد شد.

Problem with citigroup is it's international consumer department

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