This article appeared in fitchratings.com. The entire article can be read here. Fitch Downgrades Monex Fitch Takes Actions on 13 Mexican Banks Due to Operating Environment Deterioration Fitch Ratings – Monterrey – 21 Apr 2020: Fitch Ratings has conducted a portfolio review of Mexican Banks with international scale ratings following the downgrade of the country’s …
This article appeared in bloomberg.com. The entire article can be read here. Ripped-Off Americans Sue OverMissing Mexican Millions Jim and Ken Karger want to hold Monex responsible after a former bank employee allegedly stole their money. Monex Grupo Financiero may wish that it had never done business with Jim and Ken Karger. The American brothers, …
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This article appeared in bnamericas.com. The entire article can be read here. Mexico cenbank emphasizes cyber threats to stability Mexico’s central bank warned that technology-based attacks are “the most relevant challenge facing” the financial system today. Central bank governor Alejandro Díaz de León said IT-based attacks were particularly relevant due their “potential, systemic impact and …
This article appeared in GanIntegrity.com The entire article can be read here. Mexico Corruption Report Snapshot Corruption is a significant risk for companies operating in Mexico. Bribery is widespread in the country’s judiciary and police. Business registration processes, including getting construction permits and licenses, are negatively influenced by corruption. Organized crime continues to be a …
This article appeared in Washingtontimes.com The entire article can be read here. Ex-Mexican governor wanted in Texas waives extradition to US SAN ANTONIO (AP) – A former governor of a Mexican state along the U.S.-Mexico border will face money-laundering and fraud charges in South Texas after waiving extradition to the United States. The San Antonio …
