C · News · 20260914N

Mexico Consumer Exit

CITIGROUP INC · 2026-09-14 · Importance 71 · Surprise 60

Citigroup expects Mexico's Banamex to be removed from its balance sheet next year. The separation is expected to produce a $9 billion currency-translation-adjustment loss. Citi continues to emphasize organic growth while retaining flexibility for small, additive acquisitions.