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citigroup mexico bank

Citigroup is selling its Mexican retail banking operation, Citibanamex, along with a collection of approximately 2,000 Mexican artworks dating from the 18th century to the present. The collection includes works by Frida Kahlo, Diego Rivera, José Clemente Orozco, Leonora Carrington, and Remedios Varo, and is considered the most important private painting collection in Mexico. Citibanamex has stated the collection is an integral and indivisible part of the sale and will not be sold separately.

Mexico City’s Museo Dolores Olmedo to reopen in 2026 amid controversy

Museo Dolores Olmedo in Mexico City, home to the largest collection of works by Frida Kahlo and Diego Rivera, has announced it will reopen in 2026 after being closed since 2020 due to the Covid-19 pandemic. The announcement follows years of uncertainty, including a controversial 2021 proposal to relocate the collection to Chapultepec’s Parque Aztlán, which contradicts the founder’s wish that the art remain at the original site, La Noria Hacienda in Xochimilco. The museum is now run by Dolores Phillips, granddaughter of founder Dolores Olmedo, who has faced criticism over plans for a 40-year loan of the collection to Aztlán.