Citigroup nears Mexican consumer bank spinoff, WSJ reports
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FILE PHOTO: The logo of Banamex bank is on a branch in Mexico City, Mexico, November 17, 2017. REUTERS/Henry Romero/File Photo
(Reuters) - Citigroup is close to spinning off its Mexican consumer bank Banamex, an important part of CEO Jane Fraser's bank overhaul plan, the Wall Street Journal reported on Friday.
Citigroup did not immediately respond to a Reuters request for comment.
(Reporting by Pritam Biswas in Bengaluru; Editing by Abinaya Vijayaraghavan)
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