HSBC executives, representing one of Mexico’s biggest banks, have told investors that the bank doesn’t want to buy out Citigroup’s consumer bank Banamex, Reuters reported Wednesday (Feb. 23). “No, we’re not looking to acquire in Mexico,” HSBC Group Chief Executive Noel Quinn said in a...
EVO Payments International announced yesterday (Sept. 1) that it has completed the purchase of Citigroup’s merchant acquiring business in Mexico for an undisclosed amount. The payment acquirer and payment service provider announced that, as part of the deal, Banamex and EVO entered into a 10-year marketing...
Citigroup may wind down its Banamex USA operations as a part of a settlement with U.S. regulators amid allegations that the California-based unit has been beset by weak money laundering controls. The Wall Street Journal reported yesterday (June 1) that regulators are not in fact...
Stephen Bird, who runs Citigroup’s Asia Pacific region, will take over as Citi’s chief of global consumer banking on June 1, Citi CEO Michael Corbat told employees in a memo on Monday (April 13). Bird will move to New York from Hong Kong, with the...
May 24, 2023
Citigroup says it has decided to take its Mexican retail banking unit Banamex public. The lender announced Wednesday (May 24) it plans to pursue an initial public offering (IPO) for Banamex, after exiting the consumer banking market in Mexico last year. “After careful consideration, we concluded the optimal path to maximizing the value of Banamex […]
February 23, 2022
HSBC executives, representing one of Mexico’s biggest banks, have told investors that the bank doesn’t want to buy out Citigroup’s consumer bank Banamex, Reuters reported Wednesday (Feb. 23). “No, we’re...
September 02, 2015
EVO Payments International announced yesterday (Sept. 1) that it has completed the purchase of Citigroup’s merchant acquiring business in Mexico for an undisclosed amount. The payment acquirer and payment service...
April 14, 2015
Stephen Bird, who runs Citigroup’s Asia Pacific region, will take over as Citi’s chief of global consumer banking on June 1, Citi CEO Michael Corbat told employees in a memo...
