Mexico mulls benefits of Banamex purchase, eyes synergies with state bank 

Reuters exclusively revealed that Mexico is evaluating whether buying Citigroup Inc’s (C.N) Mexican consumer unit would help boost financial inclusion, potentially in combination with a state-run bank such as the Banco del Bienestar. U.S. lender Citigroup scrapped its sale of the Banamex unit last week and said it will instead list it, a surprise move coming amid talks to sell the business to Mexican billionaire German Larrea’s conglomerate Grupo Mexico (GMEXICOB.MX).