Citigroup sells to Banamex
On Tuesday, January 11, 2022, Citigroup announced that it will exit its Citibanamex consumer banking business in Mexico.
This means that it puts the Citibanamex brand up for sale the branches and customer accounts, the cultural heritage that includes buildings in the Historic Center (such as the Iturbide Palace), the payroll credit business, cards, mortgages, automobiles, SMEs, as well as the Afores and insurance business.