Citi Rules Out More LatAm Cuts

Citi Rules Out More LatAm Cuts

Citi does not plan to exit any LatAm banking businesses and has completed is headcount reduction, according to the bank’s regional head. “The Latin America network has been performing very well, it’s a very solid network and we consider it to be key to our future success,” Manuel Medina-Mora, chairman and CEO Citigroup Latin America and Mexico tells LatinFinance. “Those are key parts of our strategy,” adds the banker, referring to Citi’s LatAm units and the aim of being a global universal bank w

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