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Citigroup to spin off its Mexico business after efforts to sell unit collapse
Citigroup announced Wednesday it plans to pursue an initial public offering of its Mexico business, Banamex, making formal a long-telegraphed spinoff.
Stocks making the biggest moves premarket: Moderna, Kohl’s, Intuit, Analog Devices & more
These are the stocks posting the largest moves in premarket trading.
Europe is producing more startup ‚mafias‘ than ever despite tech rout
The development mimics the trend of startup „mafias“ in the U.S., where companies like PayPal indirectly helped produce huge businesses like Tesla and Palantir.
European banks are stronger than their U.S. rivals, analysts say. Here’s why
Attendees of the Institute of International Finance conference in Brussels said European banks were in a strong position, but needed support to grow.