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.
Category: Regions
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Building on a Boom
Panama’s construction industry is humming along as the conversion of Canal Zone properties and new highway concessions keep the permits rolling. But financial and environmental issues are complicating business for some operators.
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Cleaning Up Its Fiscal Act
Panama quickly responded to an international blacklisting by passing new bank laws that prove its commitment to get tough on money launderers and their crimes.
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Panama Holds Its Own
Panama’s economy didn’t take the nosedive many feared it would when the US military departed just over a year ago. Instead, the country has taken advantage of the existing infrastructure to fuel economic growth in the shipping, tourism and construction sectors.
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Regulating the Banks
Panama’s Superintendency of Banks is helping the country’s banking system adopt and follow an internationally accepted regulatory framework.
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Finding Comfort in the Euro Zone
While the US market has largely spurned Latin American borrowers, euro-denominated paper has filled in the gap for governments and companies consolidating their European investor base. The weakened currency has also cut their debt service costs. In a series of stories, LatinFinance explores the depth and breadth of the euro market.
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Cultivating the European Crowd
The Andean Development Corporation takes its roadshow to Europe, not just to raise money, but to promote its respected name and solid financials to discriminating investors there.
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Will Mexico’s Financial Armor Hold?
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.
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Boom Time for the Free Zones
Government reforms spurred the rapid expansion of duty-free industrial parks in the Dominican Republic over the last four years. It?s time to reap the payoff now that the Caribbean Basin countries have finally been given the same benefits as Mexico in apparel exports to the US.
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Business & Banking
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 […]