Banamex USA, a Century City unit of Citigroup Inc. that served customers doing business in Mexico and the U.S., has agreed to shut down and pay $140 million in penalties to settle state and ...

Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls at the bank’s Banamex subsidiary may have allowed customers to launder ...

NEW YORK — Citigroup plans to spin off its Banamex banking franchise, the company said Wednesday, a deal that would bring an end to Citi’s two-decade push into Latin America.

Citigroup Inc.C-0.29%decrease; red down pointing triangle is expected to shut down Banamex USA, a California unit that specializes in moving money across the southern U.S. border and has been ...

Citigroup remains the cheapest large U.S. bank by price-to-book. Read why C stock is an interesting value play in the U.S.

Citigroup fired 12 Banamex employees after discovering the alleged fraud, which also led to the resignation of several high-level employees, including Chief Executive Javier Arrigunaga, according ...

More than a year after announcing plans to exit its consumer, small business and middle-market banking operations in Mexico — Banco Nacional de México ("Banamex"), Citigroup Inc. C has decided ...

Citigroup’s Mexico unit, ... Citigroup’s Banamex pays $97M fine to settle criminal probe By . Kevin Dugan. Published May 22, 2017. Updated May 11, 2018, 3:17 p.m. ET. Explore More ...

Citigroup’s Mexican banking subsidiary Banamex has found itself caught in another alleged fraud, this time at its personal security unit, which the New York banking group is now disbanding.