This post was originally published on this site
Citigroup Inc.
C,
will exit its Mexico consumer banking business, the latest strategic shift by Chief Executive Jane Fraser.
The bank said Tuesday 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.”
See also: These 14 bank stocks are in the best position to benefit from rising interest rates
