Tag: Banks
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Deal Reached in US Debt Ceiling Negotiations
After days of arduous negotiations, President Joe Biden and Republican House leaders have reached an agreement in principle on raising the US debt ceiling, avoiding a catastrophic default. The agreement, which is yet to be formally announced, is set to remove the existing $31.4 trillion debt ceiling over a two-year period. This keeps President Biden […]
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Citi Drops Sale of Mexican Subsidiary, Opts for Public Offering
Citi announced on Wednesday that it has ceased its efforts to sell its Mexican subsidiary and will instead pursue a public offering (IPO) of the company’s shares in 2025. The bank is in the process of separation of its consumer banking, small and medium enterprise banking operations in Mexico – which will be the ones […]
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