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Showing results for Grupo Financiero BBVA Bancomer, S.A. de C.V.
...Mexico’s other main banks — Citibanamex, BBVA Bancomer, HSBC — are subsidiaries of international groups....
...Banorte, Mexico’s third-biggest bank by assets, has agreed to buy Grupo Financiero Interacciones in a cash-and-share deal to create Mexico’s second-biggest financial institution, behind Spanish-owned BBVA...
...The regulatory approval represents an important milestone in the process, announced last year, to launch a cash tender offer for Delta’s acquisition for up to 49 percent of Grupo Aeromexico S.A.B. de C.V...
...Many banks in Mexico are part of international groups: Banamex belongs to Citi; BBVA Bancomer is Spanish-owned; HSBC is British; Scotiabank is Canadian. Clearing services are no problem for them....
...The underwriters in Mexico of Lalas offering will be JP Morgan Casa de Bolsa, the Mexican brokerage affiliate of the U.S. bank; Casa de Bolsa BBVA Bancomer, the brokerage unit of Grupo Financiero Bancomer...
...But that is not deterring Grupo Financiero Banorte from charging ahead with plans for what would be the country’s largest share offering this year....
...Some of the proceeds from the deal will be used to repay an $800m loan used to fund a $1.6bn acquisition of a Mexican pension fund from BBVA Bancomer last year as well as finance a recent €649m buyout of...
...Banco Santander and BBVA Bancomer, its Spanish rival, both have a return on equity of about 20 per cent – approximately twice the amount that their parent banks in Europe can muster....
...Grupo Financiero Banorte, the only major bank that is Mexican-owned and Mexico’s Social Security Institute, known as IMSS, will share the cost for Afore Bancomer – as the pension fund unit is called – equally...
...BBVA, Spain’s second-biggest bank, said last month that it could consider listing its Mexican operation, Bancomer, which accounted for half of group profits last year....
...BBVA Bancomer, a subsidiary of the Spanish bank, has already started offering basic mobile services. And by the end of the year, Banorte and Banamex will do the same, says Mr Babatz....
...The merged bank will be called Grupo Financiero Banorte-IXE, and Banorte said that it expected to close the deal sometime during the first quarter of 2011....
...So as Banamex is a wholly owned subsidiary of Citigroup (C paid $12.1Bn or so back in 2001 for the bank) if the US Gov’t takes its 36% stake in Citigroup then it will be a larger-than-10% shareholder of...
..., which belongs to Spanish-based BBVA....
...Modi, Chairman, YKM Holdings, India Sir Mark Moody-Stuart, Chairman, Anglo American, UK A. C....
...The largest single fine, for 6.7m pesos ($620,000), was dealt for market manipulation by Mexico’s largest bank, BBVA Bancomer. The Spanish-owned bank declined to comment....
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