Citi to buy Deutsche Bank license in Mexico

Citi to buy Deutsche Bank license in Mexico

Funds M&A Mexico United States Capital Markets Asset Management Structured Finance

US financial services group Citigroup plans to purchase Deutsche Bank's license in Mexican so it can maintain corporate and investment banking operations in the country after it sells its consumer business Citibanamex, according to press reports. Buying the license "facilitates the pursuit of our consumer exit and ability to continue our institutional operations in Mexico," Reuters quoted a Citi as saying in a statement. Citi did not say how much it will spend to acquire the license, according t

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