TITLE

'Tequila Effect' Finally Fading

AUTHOR(S)
Bensasson, Marcus
PUB. DATE
September 2004
SOURCE
Business Mexico;Sep2004, Vol. 14 Issue 9, p38
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports on the deal between the Institute for the Protection of Bank Savings (IPAB) and Mexico's surviving banks. Agreement of the banks Bunamex, Bancomer, HSBC, and Banorte to write off bonds used by IPAB's predecessor; Acceptance of a limited audit of the remaining loans; Controversy over the bailout.
ACCESSION #
14674206

Tags: DEALS;  ASSOCIATIONS, institutions, etc.;  BANKING industry;  BANCOMER (Company);  HSBC Bank PLC;  BANORTE SAB de CV;  BONDS (Finance);  LOANS

 

Related Articles

  • Mexican Bank's MBS Placement Is a First.  // American Banker;12/19/2006, Vol. 171 Issue 242, p10 

    The article reports that Mexican banking concern Grupo Financiero Banorte has placed nearly $200 million of mortgage-backed securities, becoming the first Mexican bank to issue such a product. The issuance is part of a five-year program that represents Banorte's dedication to home loans as a...

  • Oth�n Ru�z Montemayor. Watson, Andrew // Business Mexico;Oct2002, Vol. 12 Issue 10, p34 

    Interviews Othon Ruiz Montemayor, chief executive officer of Grupo Financiero Banorte and president of the Mexican Bankers Association. Question on how to increase commercial lending; Efforts by banks to cut costs; Need for regulators to improve coordination; Impact of pending legislation on...

  • Mexican Bank In U.S. Advisory.  // Bank Investment Consultant;Nov2001, Vol. 9 Issue 11, p14 

    Reports the opening of Mexico-based bank Grupo Financiero Banorte in the United States.

  • Mexico's subsovereigns warm up to banks. F. O. // Asset Securitization Report;2/13/2006, Vol. 6 Issue 6, p21 

    The article reports on various banks that are to provide financing to subsovereign entities in Mexico. The banking sector has become more competitive when it comes to rates. This has directed states and municipalities to issue deals that collaterized federal coparticipation revenue from the...

  • Banorte Is Buying Into a Texas Bank. Kulikowski, Laurie // American Banker;1/27/2006, Vol. 171 Issue 18, p19 

    This article reports that Grupo Financiero Banorte of Monterrey, Mexico, said Thursday that it had agreed to purchase a majority stake in its first U.S. banking company, Inter National Bank of McAllen, Tex. The $16.5 billion-asset Banorte said it will pay $259 million for a 70% stake in Inter...

  • The Hunter. Rueda, Marisol // Latin Trade (English);Jun2007, Vol. 15 Issue 6, p16 

    The article presents an interview with Luis Pe�a Kegel, general director of Mexican bank Banorte. He expects small and medium businesses to grow in the succeeding years. According to him, high bank fees and opening balance prevent some Mexicans from depositing their savings to banks. He...

  • Banorte's Branch Plan Eyes Border Synergies. Cole, Jim // American Banker;11/28/2006, Vol. 171 Issue 227, p1 

    This article reports on the expansion of Grupo Financiero Banorte of Monterrey, Mexico into the U.S. banking industry. On Nov. 16, 2006 the $18.6 billion-asset Banorte bought 70% of INB Financial Corp., parent of Inter National Bank in McAllen, Texas. Mexico's fifth-largest bank wants to use...

  • First U.S. Step by Banorte, With Second Deal Coming. Kulikowski, Laurie // American Banker;2/2/2006, Vol. 171 Issue 22, p1 

    This article reports that with its deal for a majority stake in a Texas bank, Grupo Financiero Banorte of Monterrey, Mexico, aims to grab both sides of the remittance business. "Remittance is going to be the wave of the future," Banorte chief executive Luis Pena Kegel said in an interview...

  • Company Profiles.  // Mexico Commercial Banking Report;Q2 2012, Issue 2, p38 

    The article presents the corporate profiles and the strengths, weaknesses, opportunities and threats (SWOT) analysis of commercial banks in Mexico. Banamex is one of the most global banks with strengths in fund services, securities, and transaction banking. Banco Santander SA has diverse...

Share

Read the Article

Courtesy of your local library

Public Libraries Near You (See All)
Looking for a Different Library?

Other Topics