Post Profile






Citigroup to invest $1bn in Mexico unit

The American financial services company Citigroup has reaffirmed its commitment to its Mexican subsidiary Banamex with a massive cash injection and renamed it Citibanamex. The name change and a US FULL STORY The post Citigroup to invest $1bn in Mexico unit appeared first on Mexico News Daily.
read more

share

Related Posts


Mexico Issues Arrest Warrants in Banamex Fraud Inquiry

Business & Finance : DealBook

Mexican authorities declined to say how many or which former executives of the Citigroup subsidiary were being sought.

Citigroup's Banamex names new top executives

Business & Finance : Business Insider: Clusterstock

MEXICO CITY (Reuters) - Citigroup's Mexico Unit on Wednesday named Valentin Diez Morodo as the new non-executive Chairman of Grupo Financiero Banamex from November 15. Diez Morodo will replace Manuel Medina Mora, who has worked with...

Citigroup's Banamex CEO leaves amid probe

United States / New York : Crain's New York Business

Citigroup Inc. said Javier Arrigunaga resigned as chief executive officer of Grupo Financiero Banamex, the company's Mexican subsidiary. Ernesto Torres Cantu was named to succeed him. "In light of... To view the full story, click th...

Citi Cuts Its Q4 Earnings Because One Of Its Subsidiaries Was Defrauding Mexico's State Oil Company (C)

Business & Finance : Business Insider: Clusterstock

Citigroup has revised down its Q4 2013 earnings by $235 million because of fraudulent activity in one of its Mexican subsidiaries, Banco Nacional de Mexico (Banamex). An audit Banamex had been scamming money from Pemex, Mexico's soo...

Citigroup Doubles Down On Mexican Banking Operation With $1 Billion Investment

Business & Finance : Forbes: Business

itigroup said on Tuesday it will re-brand Banamex, once considered a crown jewel inside the Citi empire, as Citibanamex and invest $1 billion in the Mexico City-based outfit.

Comments


Copyright © 2016 Regator, LLC