The Dow Jones traded higher in today's stock market ahead of the Federal Reserve's rate-policy decision. The indexes all traded higher. Read More...
Reuters
Inbursa ‘waiting to see’ before expressing interest in Citibanamex bid
Mexican bank Inbursa said it would wait to know more about the sale of Citigroup’s Mexico retail operations, known as Citibanamex, before expressing interest in the unit, an Inbursa executive said on Wednesday. “We’re waiting to see how (the sale will be carried out) and what they’re trying to sell,” Inbursa Director of Investor Relations Frank Aguado said in a call with investors. Mexico President Andres Manuel Lopez Obrador has said he wants to “Mexicanize” the Citi unit with local investors, mentioning Inbursa’s owner, billionaire Carlos Slim, as a potential buyer.
