Category: Mexico

Citibank Reaches Accord with MexicoCitibank and Mexico’s Institute for the Protection of Bank Savings (IPAB) settled their dispute over a controversial $2.5 billion debt prepayment made by IPAB to Citibank […]

The bank says its problems with Banco Confía, an ailing Mexican retail bank it bought in 1998, are close to an end. Senior Citibankers say the bank is at last ready to start growing in Mexico.

Early government action to protect Mexico from external financial shocks put it in solid shape for Vicente Fox’s administration. But with red flags on the horizon, there is still room – and time – to repeat history.

Cemex Scoops Up US Cement Maker Mexico’s Cemex, the world’s third-largest cement producer, has acquired the second-largest cement company in the US, Houston-based Southdown, for $2.8 billion. The sale price […]

José Angel Gurría, Mexico’s veteran finance secretary and an architect of the country’s economic reforms, says adiós after more than two decades of public service.

Three years after the government pension plan overhaul, new financial regulations are helping Mexicans discover non-traditional ways to plan for their economic futures.

It has paid back the government and assembled capital reserves way ahead of schedule. Now Mexico’s Banamex is at the top of its game as the country moves beyond the peso crisis.