Citigroup’s pivot away from the direct sale of Mexican bank Banamex to instead seek an IPO in 2025 was partially prompted by López Obrador’s continued demands surrounding the sale, financial experts say
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After a year and a half of negotiating with Mexican firms for the sale of Banamex, New York financial firm Citigroup announced that Banamex will instead be sold via initial public offering in 2025
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The 80-year-old Guzmán was one of the country’s first rockers, having jettisoned to fame with his Spanish version of Elvis Presley’s “Jailhouse Rock” in the late 1950s
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By KELIN DILLON Just days after Mexico’s Secretariat of Public Education (SEP) announced the end of the federal government’s Full-Time School program – which provided educational support, additional class hours, and hot food to 3.6 million of the nation’s most impoverished children throughout some 27,000 schools around the nation – in favor of funding infrastructure projects, the controversial move has
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By THE PULSE NEWS MEXICO STAFF Due to their speculative nature and frequent use for illicit purposes, cryptocurrencies are not and will not be legal assets in Mexico, Finance (SHCP, or Hacienda) Secretary Arturo Herrera said Monday, June 28. “Cryptocurrencies are prohibited for use in the Mexican financial system. There is nothing that is expected to change on that issue
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By RICARDO CASTILLO The last brawl in this legislative year in the Mexican Congress was over the so-called “Monreal Bill” that was stuck in the middle of a verbal debate and its vote postponed until February. The bill is also known as the “Bank of Mexico,” or “Banxico Bill,” and it has already passed with leeway at the Senate, and
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By RICARDO CASTILLO Banxico Law Postponement The Mexican Chamber of Deputies on Tuesday, Dec. 15, announced it was postponing the debate on the Bank of Mexico (Banxico) Bill approved last week by the Senate until February. Deputies Chamber President Laura Rojas made the announcement on social media after the majority National Regeneration Movement (Morena) insisted on discussing and voting on
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By RICARDO CASTILLO A Call to Civil Disobedience TVAzteca anchorman Javier Alatorre in the station’s nightly newscast “Hechos” (“Facts”)created a humongous scandal on Friday, April 17, after claiming the following: “As every night, Health Undersecretary Hugo López-Gatell led the (press) conference on Covid-19 in Mexico. But his figures and his conferences have become irrelevant. Furthermore, and to put it plainly,
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