finance
finance
Financial Sector Faces Increased Challenge in Detecting Crime-Linked Operations Amid Cartel Terrorist Designations
Background on the Situation Following the recent designation of drug cartels as terrorist organizations by the U.S. government, financial institutions...
finance
No Restrictions for Other Local Institutions to Conduct Operations with Intercam and CIBanco: ABM
Background on Key Players and Relevance The Asociación de Bancos de México (ABM) is the leading organization representing Mexico’s banking...
finance
US Banks Boost Dividends and Debt Repurchase After Stress Test Success
Major US Banks Announce Dividend Increases and Share Repurchase Programs Six leading American banks, including JP Morgan Chase, Bank of...
finance
Santander Strengthens Presence in the UK with $3.64 Billion TSB Acquisition
Background on Santander and Relevance of the Acquisition Santander, a leading Spanish bank by market value, has announced its agreement...
finance
US Senate Approves Trump’s Budget Plan Including 1% Tax on Remittances
Background and Relevance of Donald Trump Donald Trump, the 45th President of the United States, has been a polarizing figure...
finance
Remittances to Mexico Fall 4.6% in May Amid U.S. Tax Debate
Background on Remittances and Their Importance Remittances, or the funds sent by migrant workers to their families in Mexico, play...
finance
CIBanco and Intercam’s Impact on Mexican Banking Sector
Introduction On Thursday, the Mexican National Banking and Securities Commission (CNBV) temporarily intervened CIBanco and Intercam following accusations from the...
finance
US Designations Shake Mexican Trust Market: CI Banco Holds Over a Quarter of Total Banking Trust; Intercam Has Just 1%
Introduction The United States has recently issued designations against three Mexican financial institutions—Intercam, CI Banco, and Vector—accusing them of supporting...
finance
Proposed Remittance Tax in the US: Only Cash Sendings Will Be Taxed
Who is Jesús González Cervantes? Jesús González Cervantes is an expert from the Centro de Estudios Monetarios de Latinoamérica (Cemla)...
finance
Unemployment Withdrawals from Afores Reach Historic Highs in Mexico
Background on Afores and Their Significance For a substantial number of formal workers, the individual Afore account represents their primary...
