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Citi Mexico sees new opportunities with banks after Banamex split

Citi Mexico sees new opportunities with banks after Banamex split

·Excerpt
Citi Mexico sees new opportunities with banks after Banamex split
Image: Citi Mexico sees new opportunities with banks after Banamex split

By Gabriel AraujoSAO PAULO, Oct 20 (Reuters) - Citigroup's Mexican unit is aiming to expand its business with other banks after its separation from Banamex gave it greater freedom to serve financial institutions, Citi Mexico CEO Luis Brossier told Reuters on Tuesday.Citi split Banamex from its institutional banking business in 2024 as part of a broader plan to unwind its ownership of the retail bank, which it intends to fully do through an initial public offering expected in 2027.Brossier said…

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