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Grupo Financiero Banamex S.A. de C.V. has its origins and is the owner of the Banco Nacional de México or Citibanamex (formerly Banamex). It is the second-largest bank in Mexico. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary.
He is a former CEO of Banco Nacional de México (Banamex), Mexico's second largest bank, just after BBVA Bancomer, from Spain. He was a member of the board of Citigroup. Chairman of the Board, Banco Nacional de Mexico, S.A. - 1991 to present and is currently the Honorary Chairman.
In 1884, the Banco Nacional Mexicano soon merged with Banco Mercantil Mexicano (Mexican Mercantile Bank) to form the Banco Nacional de México (National Bank of Mexico) which issued notes and was the primary lender to the government. The same year government issued a commercial code that gave it control of the banking sector, including the ...
Citigroup's retail unit in Mexico, known as Citibanamex, has said it hopes to define the terms of its sale by the beginning of April, amid signs of intensifying interest in the bank, expected to ...
Alejandra Marcos, an equity analyst at Intercam Banco, said Slim's Inbursa, now Mexico's seventh-largest bank, has the means to present a strong offer and would not face the same obstacles as peer ...
Mexican corporate titans Carlos Slim and German Larrea are squaring off to acquire Citigroup Inc's local retail arm after the latest round of bidding left the duo as frontrunners, sources familiar ...
Banco Nacional de México, S.A., Institución de Banca Múltiple, Grupo Financiero Banamex 006 BANCOMEXT Banco Nacional de Comercio Exterior, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo 009 BANOBRAS Banco Nacional de Obras y Servicios Públicos, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo 012
Mexico's Grupo Financiero Banorte is looking at whether to make an offer for Citigroup's Mexican consumer banking unit, its chief executive said on Thursday. "We are starting an analysis of this ...