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Citigroup to sell off Banamex, owner of historic Casa de Montejo 

Multinational investment bank Citigroup has announced that it will sell off Banamex.

Banks implored to break up Mexico’s credit card ‘near-monopoly’

The two firms handling Mexico's debit or credit cards transactions represent a near-monopoly, regulators said Wednesday. They recommended that leading banks be forced to...

Sucilá gets its 1st bank, an economic ‘trigger’ for the area

Yucatan's first Banco del Bienestar opens Saturday in Sucilá with a ribbon-cutting ceremony. The bank, created by President Andres Manuel Lopez Obrador, will issue credit...

Santander bank cards falsely marked ‘stolen’ after system update goes awry

Santander customers are reporting the debit cards erroneously marked as stolen when they try to use them. Cashiers are forced to withhold the bank cards,...

Mexico ponders how to get banks to ease up on high...

International banks in Mexico typically earn about one-third of local revenue from fees and commissions, according to Condusef,

Citibanamex, Banorte apparently under hacker attacks

Two large banks are apparently fighting off hackers, slowing bank transactions at both institutions.

Banking services for FACTA-weary expats

An organization that lobbies on behalf of U.S. expats has teamed up with the State Department Federal Credit Union to offer banking services to get around onerous FACTA requirements.