Category: México
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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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Tragedy in Ciudad Juárez: Fire in the Migrant Center claims 39 lives
In a heartbreaking tragedy, at least 39 people died in a fire at a migrant center in Ciudad Juárez, Mexico. The National Institute of Migration (INM) reported that 71 migrants were picked up from the streets of the city prior to the fire. President Andrés Manuel López Obrador believes that the fire started after a…
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