Mexican lender faces rising refinancing risks over the next 12 months, rating agency says
Tag: retail banking
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Citi could “re-pace” Mexico investment over Trump uncertainty
Citi’s CFO says the bank plans to move ahead with its $1bn investment in Citibanamex even if the US president-elect’s Mexico policies are “unclear”
Posted inDaily Brief
Promerica signs loan for Citi acquisition
Nicaraguan financial services firm gets a five-year, $223m syndicated loan from 15 banks
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Citi turns to corporate clients in Argentina, Brazil
US bank will deepen focus on investment banking after selling more than $4bn of retail assets in Brazil and Argentina, LatAm CEO says
Posted inDaily Brief
Citi evaluates offers for LatAm retail businesses
Four shortlisted bidders vie for Citi’s consumer arm in Argentina, while the bank’s Colombian and Brazilian consumer banking division each have two potential bidders
Posted inDaily Brief
Five lenders target Citi assets
US lender is set to receive opening bids in two weeks for its retail businesses in Argentina, Brazil and Colombia, sources say
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Itau eyes Citi assets
Brazilian bank could make an offer for the US lender’s consumer businesses in Argentina and Colombia
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Citi to sell retail banks in Brazil, Argentina and Colombia
US bank also looking to sell its stake in Brazilian credit card processing company Elavon
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Citi offloads consumer banking arm in El Salvador
Honduran investment group snaps up Citi’s retail banking assets in El Salvador
Posted inDaily Brief
Promerica snaps up Citibank Guatemala
Citi will exit the retail and commercial banking space, maintaining its institutional banking arm