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La Jornada reports Citibanamex sale appears imminent

The newspaper cited unnamed sources in a report Friday that said Citigroup is closing in on selling the bank for more than US $7 billion. ....

New York , United States , Jane Fraser , Daniel Becker Feldman , El Financiero , Grupo Financiero Mifel , Grupo Salinas , Jp Morgan , Becker Feldman ,

Three bidders left for Citi's Banamex after Banorte drops out

Grupo Financiero Banorte is out of the running for the purchase of Citigroup's Banamex Mexican unit. ....

Jane Fraser , Andres Manuel Lopez Obrador , Grupo Financiero Mifel , Jeoffrey Guillemard Bloomberg , Citigroup Banamex , Lopez Obrador , Grupo Financiero Banorte , Marcos Ramirez , Grupo Financiero Inbursa , Banco Bilbao Vizcaya Argentaria , Mexican President Andres Manuel Lopez Obrador , Carlos Slim , German Larrea , Chief Executive Jane Fraser , New York Based , Banco Santander , Industry News , Consumer Banking , M Amp A ,

Citi invites second round of bids for Mexican retail arm by October-end

Citigroup is inviting second bids that could be the final round of bids for its Mexican retail business, by October end, Bloomberg reported. ....

United Kingdom , Grupo Financiero Banorte , Grupo Financiero Inbursa , Grupo Financiero Mifel , Advent International , Carlos Slim Backed , German Larrea ,

Citi said to seek Final bids for Mexico unit by end of October

Citigroup is seeking a second and perhaps final round of bids for its Mexican retail arm Banamex by the end of October in what could be one of the year's biggest banking deals, according to people familiar with the matter. ....

Mark Mason , Jane Fraser , Grupo Financiero Banorte , Grupo Financiero Inbursa , Jeoffrey Guillemard Bloomberg , Grupo Financiero Mifel , Dominion Bank , Deutsche Bank Ag Mexican , German Larrea , International Backed Grupo Financiero Mifel , Plans Exit , Consumer Banking Operations In Mexico , Bloomberg News , Toronto Dominion Bank , First Horizon , Chief Executive Officer Jane Fraser , New York Based , Deutsche Bank , Financial Officer Mark Mason , Industry News , Branch Banking , M Amp A ,

Citi's Banamex sale gets stress-tested by Mexico president's demands

President Andres Manuel Lopez Obrador is making it very difficult for Citigroup to fetch a price even vaguely close to the $12.5 billion it paid for the bank two decades ago. ....

United States , Alejandro Cegarra Bloomberg , Jane Fraser , Grupo Financiero Banorte , Andres Manuel Lopez Obrador , Grupo Financiero Inbursa , Grupo Financiero Mifel , Mexican President Andres Manuel Lopez Obrador , Latin America , Carlos Slim , German Larrea , Grupo Financiero , Consumer Banking , M Amp A , Growth Strategies ,