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Top Retail Banker International News

Billionaire says $2.3 billion Banamex stake signals confidence in Mexico’s economy — REUTERS / pwu404

Mexico Economy · Mexico

Billionaire says $2.3 billion Banamex stake signals confidence in Mexico’s economy

42% Center coverage: 17 sources

A day after Citigroup announced it would sell a 25% stake in Banamex to billionaire Fernando Chico Pardo, the Mexican businessman said his $2.3 billion investment should be read as a sign of confidence in Mexico’s government and economic potential.See the Story

BBVA Raises Sabadell Bid by 10% in Spanish Banking Deal

BBVA Raises Sabadell Bid by 10% in Spanish Banking Deal

56% Left coverage: 9 sources

Spanish bank BBVA said today it had raised its bid for smaller rival Sabadell by 10% to €17 billion, as part of its attempt to create the country's second-biggest bank by assets.See the Story

TD Pledges to Cut Billions in Costs as It Reintroduces Guidance

TD Canada Trust · Toronto

TD Pledges to Cut Billions in Costs as It Reintroduces Guidance

67% Left coverage: 3 sources

Toronto-Dominion Bank is reinstating guidance on growth — with similar targets to those in place before a US money-laundering scandal — as it pledges to slash billions in annual costs and boost revenue through a push to attract more clients and sell them additional products.See the Story

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