A. unit purchased Monterrey, Mexico-based Banca Confia, which issues to Mexicans Visa and MasterCard credit cards that can be used in Cuba. (Credit cards issued in the U.S. aren't accepted in Cuba.) The impact on Citigroup's bottom line may be minuscule, but it's a toe in the Cuban door.
A. unit purchased Monterrey, Mexico-based Banca Confia, which issues Visa and MasterCard credit cards to Mexicans that can be used in Cuba. (Credit cards issued in the U.S. aren't allowed in Cuba.) The impact on Citigroup's bottom line may be minuscule, but it's a toe in the Cuban door.