Citigroup (C) , the U.S. bank that’s pledged to pump $2.5 billion of new investment into Mexico, remains undaunted in its commitment despite Donald Trump’s victory in the U.S. presidential race, which dragged the peso down by 10%.
The lender, which owns one of Mexico’s biggest banks, has seen its stock price lag in the past week as overall financial-company shares surged on the prospect of reduced regulation and higher interest rates under a Trump presidency. Citigroup’s shares have gained 9.2% since the election, versus a 12% climb in the KBW Bank Index.
