Grupo México bids to acquire up to 100% of Banamex
Grupo México declared that it has launched a binding offer for up to 100% of the shares of Grupo Financiero...
Banks
Fernando Chico Pardo purchases a quarter of Banamex
A deal of 42 billion pesos was concluded between Citi and a Mexican billionaire named Fernando Chico Pardo, according to...
The second largest US bank boosts employee income
In keeping with its 2021 pledge, Bank of America announced Wednesday that it has increased its minimum hourly wage nationwide...
SoftBank agrees to invest $2 billion in Intel
According to a joint statement released on Monday, SoftBank Group has signed an agreement to invest $2 billion in US...
CEO of Citigroup visits Mexico during talks for a Banamex stake
As reported by Bloomberg News on Monday, Citigroup CEO Jane Fraser is in Mexico City for discussions with President Claudia...
Citigroup appoints industry veteran as head of North America private lending
As banks vie for a larger portion of the profitable private lending market, Citigroup has named Aashish Dhakad as head...
Visa cancels international operations of CIBanco card
According to CIBanco, the Visa payment network "unilaterally decided" to cut off its platform for all of the lender's international...
Intercam and CIBanco ratings are lowered by HR Ratings
After Mexico's banking authority announced a temporary management intervention in CIBanco and Intercam in response to US allegations of alleged...
The US accuses CiBanco and Intercam of money laundering, and CNBV steps in to stop their administration
A day after the Treasury Department accused CI Banco and Intercam Banco of aiding organized crime groups in Mexico with...
Banorte does not consider making a bid for Banamex
Marcos Ramírez, the CEO of Banorte, stated that the company is not contemplating an offer for Banamex. Ramirez's remarks differed...
