Mexican President Andrés Manuel López Obrador is making it very difficult for Citigroup to fetch a price anywhere close to the $12.5 billion it paid for Banamex two decades ago, Bloomberg reports. AMLO demanded the would-be buyer be local, not foreign, and be banned from laying off staff. The historically important art collection that Banamex…
Multinational investment bank Citigroup has announced that it will sell off Banamex.
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, and ATMs are eating them, customers say on social media. Users are also finding the app is glitchy when they want to transfer funds. Karla, a Grupo Santander client, told…
International banks in Mexico typically earn about one-third of local revenue from fees and commissions, according to Condusef,
Two large banks are apparently fighting off hackers, slowing bank transactions at both institutions.
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.
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