The bank said this week it would exit consumer, small-business and middle-market banking in Mexico, a business best known as Banamex. Citigroup said the change was part of its continuing “strategic refresh.”
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Citigroup to exit Mexico consumer banking business
Ms. Fraser, in a release, said the bank remained committed to Mexico and that it would continue to be an important market for Citigroup. “We expect Mexico to be a major recipient of global investment and trade flows in the years ahead, and we are confident about the country’s trajectory,” she said.
