Tag Archives: banking

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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The Secrets of the Swiss

By THÉRÈSE MARGOLIS     When it comes to financial transparency, Switzerland has a pretty miserable record. For more than 300 years, the country’s financial institutions have prided themselves on their tight-lipped discretion and no-questions-asked deposits. In fact, in 1713, the Grand Council of Geneva adopted a formal code of secrecy prohibiting banks from divulging information with anyone except the account holder.

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