Citigroup Rejects Grupo Mexico Bid for Banamex
Update: 2025-10-09
Description
Citigroup just slammed the door on Grupo Mexico's bid for Banamex, its Mexican retail banking arm, after months of speculation. What does this rejection mean for the future of Banamex, Citigroup's streamlining plans, and Mexico's entire banking landscape? Find out how this decision could reshape the financial sector and what options Citigroup might explore next, from a public offering to finding another major buyer.
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