ING Sells Mexican InsurerGrupo Financiero BBVA-Bancomer, Mexico’s largest financial group, bought out ING Groep’s stakes in three financial services companies for $693 million. ING, the largest financial services company in […]
Category: Mexico
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Latin America’s Best Bank
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.
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Sovereign Report
Mexico Weighs In Mexico returned to the Japanese market in September with a ¥50 billion four-year Samurai deal, five months after issuing a five-year, ¥50 billion Samurai in April. This […]
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Taxing Challenges Facing Fox
Mexico’s business community is excited about Vicente Fox’s historic presidential victory. But the outcome of his proposed fiscal reforms, guided by a former World Bank official, could dull the political mood.
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A Universal Exchange
National stock exchanges are teaming up to offer investors round-the-clock trading and a single pool of global liquidity. The Sao Paulo and Mexico City bolsas are on board, but would they really benefit?
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Front Notes
The election of Vicente Fox as Mexico’s next president was a triumph both for the cowboy-booted former Coke executive and for the country’s effort to distance itself from the rest […]
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Spanish Spending Spree
Spain’s Banco Bilbao Vizcaya Argentaria spent more than it planned to buy Mexico’s second-biggest bank. With BBVA’s substantial assets and promise of profits, colonial domination isn’t looking so bad.
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Televisa Spreads the Wealth
Mexican businessman Alejandro Burillo plans to sell his 25% stake in Grupo Televisa, Mexico’s largest media company, to a group of large shareholders led by María Asunción Aramburuzabala, one of […]
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Consortium To Power Metals Producer
Alstom, the French-British power contractor, and Sithe Energies won a $300 million contract to build a power plant in Mexico for Industrias Peñoles, the world’s biggest silver producer. Alstom and […]