• Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png

HSBC’s Mexico Unit analysing possible Citibanamex purchase

HSBC Mexico’s chief executive officer and president said that HSBC’s Mexico unit is analyzing the purchase of Citigroup’s retail operations in the country, known as Citibanamex. HSBC Mexico’s Jorge Arce said in a conference call first reported by Mexican newspaper El Financiero that they are still looking at the opportunity, if there is a real strategy for the bank. Arce stated that everyone is looking into it and will put a different price on it depending on who the potential buyer is.

Citibanamex could fetch anywhere from $4 billion to $8 billion. Arce said that HSBC Mexico was in the early stages of analyzing a purchase. He also said that, that’s not to say they will or won’t make a bid. There is no banker in Mexico who isn’t thinking about how much it’s worth. U.S.-based Citigroup announced that it would be putting its Mexico retail operations up for sale. This is the latest move away from some international markets. Citigroup CEO Jane Fraser said that Citibanamex will go on the market sometime this spring.

YOU MAY ALSO LIKE

Strengthening Ties: China Urges Closer Economic Cooperation with Britain

Currency Volatility Expected to Persist as South Korea Faces Political and Economic Uncertainty

Both Mexican and international banks to make a bid for the nation’s no. 2 bank. Mexican President Andres Manuel Lopez Obrador has said that he would prefer Citibanamex to go to domestic investors.

Tags: CitibanamexfinanceHSBC MexicoJorge Arce

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Besi Raises Long-Term Financial Outlook Amid Rising Demand for Hybrid Bonding Chip Tools

Besi Raises Long-Term Financial Outlook Amid Rising Demand for Hybrid Bonding Chip Tools

Tesla’s Robotaxi Gamble in Austin Puts Future of Autonomous Vehicles to the Test

Tesla’s Robotaxi Gamble in Austin Puts Future of Autonomous Vehicles to the Test

Strengthening Ties: China Urges Closer Economic Cooperation with Britain

Strengthening Ties: China Urges Closer Economic Cooperation with Britain

Switzerland’s New Banking Reforms Restrict UBS’s Global Expansion Following Crises

Switzerland’s New Banking Reforms Restrict UBS’s Global Expansion Following Crises

Gemini Quietly Files for U.S. IPO as Crypto Firms Capitalize on Market Momentum

Gemini Quietly Files for U.S. IPO as Crypto Firms Capitalize on Market Momentum

Deadline Extended for Elon Musk in SEC Civil Suit Over Twitter Stake Disclosure

Deadline Extended for Elon Musk in SEC Civil Suit Over Twitter Stake Disclosure

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

Besi Raises Long-Term Financial Outlook Amid Rising Demand for Hybrid Bonding Chip Tools

Tesla’s Robotaxi Gamble in Austin Puts Future of Autonomous Vehicles to the Test

Strengthening Ties: China Urges Closer Economic Cooperation with Britain

Switzerland’s New Banking Reforms Restrict UBS’s Global Expansion Following Crises

Gemini Quietly Files for U.S. IPO as Crypto Firms Capitalize on Market Momentum

Categories

  • Banking
  • Business
  • Events
  • Finance
  • Blogs
  • Fintech
  • Forex
  • Insurance
  • Technology
  • Videos

Social Media

COPYRIGHT © 2020-2025 GLOBAL BUSINESS REVIEW MAGAZINE LLC - ALL RIGHTS RESERVED

  • About Us
  • Contact Us
  • Advertise With Us
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions
No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

Copyright © 2025 Global Business Review Magazine - All Rights Reserved.