finance

CNBV Receives 12 Applications for New Banks Since 2023: A Comprehensive Overview

CNBV Receives 12 Applications for New Banks Since 2023: A Comprehensive Overview

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April 22, 2025

Introduction to the CNBV and Its Role The National Banking and Securities Commission (CNBV) is a Mexican regulatory body responsible...

Potential Impact of Designating Mexican Cartels as Terrorist Organizations on Remittances

Potential Impact of Designating Mexican Cartels as Terrorist Organizations on Remittances

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April 22, 2025

Introduction to the Issue Daniel Rosas, a partner at Nathan Russek law firm, has expressed concerns that designating Mexican cartels...

Prosofipo Fund Grows 149% in a Year Amidst Sofipos’ Solvency Issues

Prosofipo Fund Grows 149% in a Year Amidst Sofipos’ Solvency Issues

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April 22, 2025

Background on Sofipos and CAME Sofipos, or Popular Financial Societies, are financial entities in Argentina that offer savings and credit...

Keo World Targets SMEs for International Payments Growth: Mexico as Key Market

Keo World Targets SMEs for International Payments Growth: Mexico as Key Market

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April 21, 2025

Introduction to Keo World and its Focus on Small and Medium Enterprises (SMEs) Keo World, an international payments firm, has...

Openbank Mexico: Adapting a Global Model to the Local Market

Openbank Mexico: Adapting a Global Model to the Local Market

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April 21, 2025

Introduction to Openbank Mexico and its Global Success Openbank Mexico, Santander’s digital bank, was officially launched in February as part...

Hey Banco to Operate Independently Soon: Over 500,000 Customers Already Served

Hey Banco to Operate Independently Soon: Over 500,000 Customers Already Served

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April 21, 2025

Background and Current Status Hey Banco, currently operating under Banregio’s umbrella, is set to become an independent financial entity by...

CAME: The Most Indebted Sociedad Financiera Popular Amidst a Crisis

CAME: The Most Indebted Sociedad Financiera Popular Amidst a Crisis

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April 19, 2025

Introduction to CAME and Its Current Situation Consejo de Asistencia al Microemprendedor (CAME) is a sociedad financiera popular (sofipo) currently...

Mexican Banks Consider Lowering Interest Rates Following President Sheinbaum’s Request

Mexican Banks Consider Lowering Interest Rates Following President Sheinbaum’s Request

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April 19, 2025

Background on Claudia Sheinbaum Pardo and Her Influence Claudia Sheinbaum Pardo, the President of Mexico City since 2018, has been...

Mexican Banks Consider Lowering Interest Rates Following President Sheinbaum’s Request

Mexican Banks Consider Lowering Interest Rates Following President Sheinbaum’s Request

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April 19, 2025

Background on Claudia Sheinbaum Pardo and Her Role Claudia Sheinbaum Pardo is the current President of Mexico City, serving as...

Trump Considering Firing Jerome Powell as Fed Chair: Hassett

Trump Considering Firing Jerome Powell as Fed Chair: Hassett

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April 18, 2025

Background on Jerome Powell and the Federal Reserve Jerome Powell, the current Chair of the Federal Reserve (Fed), has been...