Citigroup to Exit Mexico Consumer Banking Business

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Problem with citigroup is it's international consumer department

and not be left in a shallow grave off the side of the road

My greatest wealth is created by being an early investor through TarellaCampbel Making that investment requires believing in something before the majority of people understand it. I was mocked, ridiculed & criticized for my non-consensus action Yet it’s absolutely worth it!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines