Hints and tips:
...The news of the Banamex unit’s sale or spin off comes at a time of political and regulatory upheaval in Mexico as President Andrés Manuel López Obrador implements an idiosyncratic agenda of fiscal austerity...
...Spain, Galicia marks the Day of Galicia (Dia Nacional de Galicia), dedicated to the autonomous region’s patron saint James Switzerland, a special meeting of the general council of the World Trade Organization...
...The bank is dropping the sackcloth and proudly attaching its name and trademark umbrella to Banco Nacional de Mexico, its Mexican subsidiary, better known as Banamex....
...The US Department of Justice has issued a subpoena to Banco Nacional de Mexico, Citi’s Mexican arm, asking for information about transactions between the California unit of Banamex and the operations in...
...This year, Citigroup reported that several federal and state authorities were investigating Banamex USA, which is related to its Mexican unit Banamex and provides services to clients in the US and Mexico...
...Vinicius Carrasco, a Stanford-educated economist at the Pontifical Catholic University in Rio de Janeiro, said BNDES loans should be more carefully directed....
...A possible acquisition in Mexico will help BTG catch up with Brazil’s Itaú-Unibanco, Latin America’s largest bank, and its BSI acquisition opens doors in Asia....
...The BNDES – the Banco Nacional de Desenvolvimento Econômico e Social – is a 100 per cent publicly-owned bank that is pretty much the only source of long-term lending to companies in Brazil....
...“We have never done anything this big here,” explains Clemente del Valle, head of the Financiera de Desarrollo Nacional, a state-run development fund for infrastructure....
...By Larry Brainard of Trusted Sources On a two-week visit to Brazil and Mexico last month I had an opportunity to test claims that Mexico had leapfrogged Brazil as the most dynamic economy in Latin America...
...BBVA, a subsidiary of Spain’s second largest bank, Banco Bilboa Vizcaya Argentaria; and Morgan Stanley México, Casa de Bolsa, a unit of the U.S. investment bank....
...This “might be indicating the start of a new upward trend”, wrote Eduardo González, an economist with Banco Nacional de México (Banamex), in a report....
...According to the report, Batista – who famously boasted that he would overtake Mexico’s Carlos Slim to become the world’s richest man by 2015 – currently has a net worth of just $200m....
...The problem for the government is how to revive investor spirits even as other emerging markets, particularly Latin American rival Mexico, are looking more market friendly....
...Mexico has just below 40 per cent gross debt to GDP....
...Having set up in Mexico in 2006 and signed its first commercial alliance (with IXE Banco) in September 2007, it now has six full-time employees, including a local chief executive, a chief operating officer...
...In September last year, Spanish-based Banco Santander launched the biggest stock-market offering Mexico had ever seen in a dual listing on the local and New York stock exchanges....
...PerPETual Global & Aloe Private Equity, India-UK VINTE Viviendas Integrales & IIC & Banamex, Mexico-US …………………………………………………………….....
...Brazil has been accused of protectionism for some of its recent trade-related measures, including renegotiating an automotive deal with Mexico that it said was giving an unfair advantage to importers, and...
...Mexico’s economy is also expected to have grown faster than Brazil’s last year at about 3.9 per cent, according to a survey this week of economists by Banamex, Citigroup’s Mexican subsidiary....
...It also compares favourably with Mexico, which is trading at more than 15 times 12-month forward earnings, Goldman says....
...There has been some concern about capital ratios at big public banks such as Banco do Brasil and BNDES, the national development bank....
...Banamex, a Citigroup subsidiary, now trades 24 hours to minimise time-difference problems; competitors may follow suit....
...This follows Finca International’s collateralised debt obligation and Banco de Crédito del Perú’s $74m acquisition of Peru’s second-largest micro-lender, both last November....
...But Banamex has attracted special attention because it stirs national passions like no other financial institution. Its full name is Banco Nacional de Mexico....
International Edition