Tag Archives: ABM

Slim Pulls Out of Banamex Purchase

PULSE NEWS MEXICO Mexican billionaire Carlos Slim’s Inbursa financial group announced on Wednesday, Nov. 23, that it was withdrawing from its former commitment to purchase Banamex, Citigroup’s consumer and corporate banking business in Mexico. “After the presentation of a nonbinding proposal for the acquisition of said businesses, the parties have mutually agreed that Imbursa will not continue in the following

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Banxico Reforms Postponed until 2021

By KELIN DILLON Considerable controversy has arisen in Mexico over the Senate’s approval of reforms to the Bank of Mexico (Banxico), known as the Monreal Law, named after Senator Ricardo Monreal, who drafted the bill. Now, Secretary of Finance and Public Credit (SHCP) Arturo Herrera Gutiérrez has announced a postponement of these reforms until February 2021. “Clearly, very important implications

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Mexican Banking Association: No More Commissions on Digital Accounts

By THE PULSE NEWS MEXICO STAFF     Newly instated Mexican Banking Association (ABM) president Luis Niño de Rivera announced on Friday, March 22, that banks in Mexico will no longer charge commissions on digital accounts. Speaking before Mexican President Andrés Manuel López Obrador (AMLO) during the 82nd National Banking Conference in Acapulco, Guerrero, Niño de Rivera said that, in keeping with

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