Mexico

Santander acquiring Elavon’s Mexican operation

02/25/20

Banco Santander’s global digital transformation has led it to Mexico, where the bank has agreed to acquire U.S. Bancorp’s Elavon Mexico merchant acquiring unit for about $84 million.

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With Citi's $47 fee sparking rage, Mexican banks brace for reaction

02/27/19

Tatiana Clouthier, one of the most powerful lawmakers Mexico, is backing a campaign that's spread jitters through financial markets: make the banks charge less.

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Mexico Senate leader wants bank fee bill vote in spring session

01/23/19

Mexico's Senate leader Ricardo Monreal said he'll seek a vote on his bill cutting bank fees in the spring session starting next month.

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Citi sees ‘little risk’ of Mexico eliminating ATM fees, CFO says

12/05/18

CFO John Gerspach said he's not worried about legislation in Mexico to ban retail banking fees becoming law based on recent comments by the nation's president.

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Citi faces revenue hit if Mexico eliminates ATM fees

11/09/18

Mexico's next president wants to prohibit banks from charging ATM and other fees. That could be bad news for Citigroup and other banks with large retail networks in the country.

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Mexico's biggest bank BBVA proposes Nafta negotiator as chairman

06/19/18

At a time when Donald Trump is threatening to withdraw from Nafta after labeling it the worst trade deal ever, Mexico's biggest bank is tapping one of its original negotiators to become its next chairman.

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Mexican banks said to have been targeted in cyber attack

04/30/18

Cyber attackers attempted to penetrate Mexico's electronic payment systems Friday, forcing three banks to enact contingency plans, according to people familiar with the matter.

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8 times payments clashed with politics

08/18/17

The simple act of moving money can have a big impact on any political movement, so banks and payment networks are often caught up in issues of national importance. Here are some recent instances where payments and politics came head-to-head.

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Dumped by U.S. counterparts, Latin American banks tighten AML controls

05/01/17

Money laundering in Latin America is said to be worsening and a corruption probe in Brazil adds to the worries, but Latin American banks are fighting hard to preserve business with U.S. banks.

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Trump's anti-Mexico policies threaten Citibanamex, revive divestiture talk

02/03/17

The president’s vow to impose a 20% tax on Mexican imports could make life harder for the Citigroup-owned unit, which is Mexico’s second-largest bank.

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