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HSBC’s Mexico Unit analysing possible Citibanamex purchase

HSBC’s Mexico Unit analysing possible Citibanamex purchase

HSBC Mexico’s chief executive officer and president said that HSBC’s Mexico unit is analyzing the purchase of Citigroup’s retail operations in the country, known as Citibanamex. HSBC Mexico’s Jorge Arce said in a conference call first reported by Mexican newspaper El Financiero that they are still looking at the opportunity, if there is a real strategy for the bank. Arce stated that everyone is…

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