Banamex Aims to Expand Corporate Banking, Seek Brokerage License

Citigroup Inc.’s Mexican retail banking unit aims to keep up aggressive growth in consumer credit and will seek to re-enter the corporate banking sector, as it operates more independently from...

By Michael O'Boyle · Bloomberg Markets

Citigroup Inc.’s Mexican retail banking unit aims to keep up aggressive growth in consumer credit and will seek to re-enter the corporate banking sector, as it operates more independently from its longtime parent, according to its leader.