Showing posts with label law. Show all posts
Showing posts with label law. Show all posts

Tuesday, October 20, 2009

Mexico's Supreme Court May Force Citi to Sell Banamex

Mexico's supreme court is debating whether or not the U.S. government's 34% stake in Citigroup Inc. (NYSE:C), which is the 100% owner of Banamex, a highly profitable Mexican banking operation, violates Mexican laws governing domestic bank ownership by foreign governments.