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Citi Mexico chief retires after year of turmoil

Monday, February 23, 2015

The chairman of Citigroup’s Mexico operations, Manuel Medina Mora, is retiring in June, after a tumultuous year at one of the bank’s most profitable units.

After a series of scandals rocked Banamex last year, raising concerns about lax controls in Mexico, Citigroup executives in New York began preparing for Medina-Mora’s departure.

Source: New York Times