Tag Archives: Germán Larrea

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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Pandora Papers Open Box of Woes for Morena

By THÉRÈSE MARGOLIS The Pandora Papers, which were released on Sunday, Oct. 3, by the International Consortium of Investigative Journalists (ICIJ), exposing the offshore financial havens and hidden riches of some of the world’s biggest movers and shakers, has opened a whole new can of worms for the leftist National Regeneration Movement (Morena) party of Mexican President Andrés Manuel López

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Pandora Papers Implicate Billionaires, Legal Advisor to AMLO

By THÉRÈSE MARGOLIS More than 3,000 Mexicans — including three billionaires and a former close advisor to President Andrés Manuel López Obrador (AMLO) — have been implicated in the so-called Pandora Papers, a trove of more than 11.8 million documents collected by the International Consortium of Investigative Journalists (ICIJ) that exposes secretive offshore accounts that allowed government leaders, financial tycoons

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