News Mexico Bank deposits: List of bidders for Citigroup's Mexican retail arm shrinks as Inbursa drops out
By Valentine Hilaire MEXICO CITY (Reuters) -Mexican bank Grupo Financiero Inbursa said on Wednesday it had pulled out of the bidding process for U.S. bank Citigroup's Mexican retail arm Citibanamex. "Inbursa confirms that, following submission of a non-binding proposal for the businesses in question, the parties mutually agreed that Inbursa will not be continuing to the next stages of the
News Mexico Bank deposits: Cheapest Ways To Send Money To Mexico
Mexico is one of the top five countries that receive the most remittances from the United States. In 2021, the country was expected to receive over $50 billion in remittances ...
News Mexico Bank deposits: Haven’t gotten your first New Mexico cash rebate? Here’s why
Roughly 600,000 New Mexicans have already received the first of two rounds of economic relief payments from the state. Meant to help pay for high fuel costs and ...
News Mexico Bank deposits: Fintechs fail to make a dent in Mexico as cash remains king
MEXICO CITY, May 26 (Reuters ... Officials are also beginning to dispense welfare benefits via digital wallets or bank deposits, rather than cash, as well encouraging adoption of government ...
News Mexico Bank deposits: Carlos Torres Vila: Mexico’s opportunities reaffirm our commitment to continue investing
Meeting of Regional Advisors (RNCR 2022) is a forum where leading BBVA Group executives present and discuss the bank’s performance, projects and future challenges. The meeting provides an opportunity ...
News Mexico Bank deposits: Klar, believed to be Mexico’s largest digital bank, lands $70M in General Atlantic-led round
Mexico City-based digital bank Klar has raised $70 million in equity funding at a valuation of $500 million, the startup announced today. The raise follows a period of hypergrowth for the company. Klar experienced a “7x” year-over-year increase in revenue and 4x bump in transaction volume over the same time period, according to Klar co-founder […]
News Mexico Bank deposits: StockNews.com Lowers Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) to Hold
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday. A number of other research firms also recently issued reports on BSMX. Zacks Investment Research downgraded […]
News Mexico Bank deposits: Citi Exits the SME Business in Mexico – It’s Time for a Change – Sell it to Fintechs!
An atomic (and attractive) bomb was dropped last week: Citigroup will exit their stake in Citibanamexâs consumer banking business in Mexico. The move comes following Citiâs exit of non-core businesses as it will instead focus on a targeted U.
News Mexico Bank deposits: Why Citigroup Is Exiting its Very Profitable Consumer Banking Division in Mexico
Citigroup recently announced that it plans to exit or sell the consumer, small business, and middle-market banking operations of its Mexican subsidiary Banamex.
News Mexico Bank deposits: The Fed's New Rate-Setting Voters; Sarah Bloom Raskin Considered for Supervision Post
Federal Reserve regional bank presidents who gain votes in the new year on the Federal Open Market Committee are likely to strongly support raising borrowing costs to try to combat high inflation.
News Mexico Bank deposits: Online Poker in New Mexico – Is It Legal? Get $5,000+ at NM Poker Sites
Where to play online poker in New Mexico. Learn if poker is legal in NM. Where to get big poker bonuses in New Mexico.
News Mexico Bank deposits: Bank of Mexico Aims for 2024 CBDC Launch
The Bank of Mexico wants to have its own digital currency circulating sometime in the next two years, in an effort to foster financial inclusion in the country.
