Citigroup, Inc. (C) is nearing spinning off its consumer, small business and middle-market banking operations in Mexico — Banco Nacional de México (“Banamex”). The news was reported by the Wall Street Journal. The move aligns with Citigroup’s CEO Jane Fraser's restructuring plan.Citigroup operates in Mexico as Citibanamex. In 2022, Citigroup announced plans to exit the consumer, small business and middle-market banking operations of Citibanamex as part of its strategic overhaul. In 2023, the company announc ...