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Grupo Financiero Banamex S.A. de C.V. has its origins and is the owner of the Banco Nacional de México or Citibanamex (formerly Banamex). It is the second-largest bank in Mexico. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary.
(Bloomberg) -- There is, it would appear, only one real topic of conversation in Mexican banking circles nowadays: Citigroup’s very public bid to sell off its local unit Banamex.Most Read from ...
Citi’s stock is up 38% on the year to $72, ... as well as the 2001 acquisitions of Banamex for $12.5 billion and the European American Bank for $1.9 billion. ...
He is a former CEO of Banco Nacional de México (Banamex), Mexico's second largest bank, just after BBVA Bancomer, from Spain. He was a member of the board of Citigroup. Chairman of the Board, Banco Nacional de Mexico, S.A. - 1991 to present and is currently the Honorary Chairman.
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City.The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.
A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk issues.
Born on 11 March 1944 in Mexico City, [3] Harp is most famous for being the former owner of the biggest Latin American and Mexican bank, Banamex (now part of Citigroup), and was a billion-dollar beneficiary of Citigroup's 2001 buyout of Banamex.
Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. "The fourth quarter was very ...