BTG is among the investors buying 24% of Banamex, says agency
Citigroup is close to finalizing agreements to sell an additional 24% of its Mexican retail bank, Banamex, to a group of investors led by billionaire Fernando Chico Pardo.
Citi, close to selling another 24% of Banamex: Co-CEOs of Televisa and Blackstone among the buyers
Citigroup is nearing a deal to sell a 24% stake in Banamex to a group of investors led by Mexican billionaire Fernando Chico Pardo.
A second offer appears for Banamex: possible scenarios
A second unsolicited bid for Banamex has emerged from Germán Larrea through Grupo México, creating competitive tension in its sale process.
Earnings Fall Short at Bank of America, Citi, JPMorgan and Wells Fargo
Major U.S. banks including Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo reported disappointing earnings, falling short of analysts' expectations.
The Annual Accounts of US Banks: The USA is Less Reliable for Its Banks
Despite solid profit growth from Bank of America and Citigroup, the declining reliability of conditions in the USA poses challenges for these financial institutions.
US banking giant reveals massive Russia exit cost
Citigroup announced it will incur significant losses from the sale of its remaining business in Russia, with the estimated cost of exiting the market being $170 million.
Citigroup Approves Sale of Russian Operations, Flagging $1.2Bln Loss
Citigroup has approved the sale of its Russian operations, anticipating a $1.1 billion loss, with the sale expected to close in the first half of 2026 pending regulatory approval.
Confronted with $1.1 billion in losses, Citi sells its entire portfolio in Russia
Citigroup anticipates approximately $1.1 billion in after-tax losses from selling its remaining business operations in Russia amid escalating sanctions from the United States and the European Union.