Tag Archives: banks

Navigating Mexico: Paying Extra Charges for Using a Credit Card

By JUAN DE JESÚS BREENE Like any country, Mexico has certain practices that would never happen anywhere else, and sometimes we become conditioned to accepting those quirky conventions with a “well, welcome to Mexico.” One of those practices that can easily be seen as ordinary is taking out your credit card for payment and hearing, “Oh, I’m sorry, if you

Read more

What Citibank Pulling out of Mexico Could Forebode

OPINION By THÉRÈSE MARGOLIS Despite the fact that just five months ago, Citigroup CEO Jane Fraser met with Mexican President Andrés Manuel López Obrador (AMLO) at the National Palace, declaring that the international financial group considered Mexico “a country of opportunities” thanks to its economic, political and social stability, the corporation announced on Tuesday, Jan. 11, that it would be

Read more

Bloomberg Says Only Mexican Stock Actions Are Buyouts

By THE PULSE NEWS MEXICO STAFF According to a report published by Bloomberg News on Monday, Oct. 11, the only significant Mexican stock action in the last year and a half has been buyouts. In an article Michael O’Boyle, Bloomberg said that while Initial Public Offering (IPO) records around the world are currently at peak levels, with companies having already

Read more

Mexican Treasury to Keep Tabs on Small Cash Deposits

By THE PULSE NEWS MEXICO STAFF In an effort to increase the government’s already-tight control on private bank account movements, Mexico’s new 2022 Income Law, promoted by the Secretariat of the Treasury (SAT), would require banks and other financial institutions to provide monthly reports, instead of the current annual reports, on all cash deposits received by account holders amounting to

Read more
« Older Entries