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Mexican Billionaire Builds Next Banking Bet After Citi Deal

After reaching a $2.3 billion deal to buy a stake in Banamex, Fernando Chico Pardo plots out the path for the Mexican banking business.

Fernando Chico Pardo — Fernando Chico Pardo
Photographer: Koral Carballo/Bloomberg

By Michael O'Boyle

March 4, 2026 at 11:00 AM UTC

Lea en español

At age 74, Fernando Chico Pardo is ready for his next act.

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