Mexico's annual inflation rises in September, but remains within target range

Mexico's annual inflation rate quickened in September at a pace slightly below expectations, official data showed on Thursday ...

Bank of Mexico to Consider Further Cuts to Interest Rate

MEXICO CITY (Reuters) -The Bank of Mexico cited stable inflation, a sluggish economy and an easing U.S. Federal Reserve ...
Mexico News Daily

Mexico’s week in review: CIBanco collapse and Banamex bid shake financial sector

Mexico's financial sector faced turbulence this week Grupo México tried — and failed — to acquire Banamex and regulators shuttered CIBanco.

Citi Rejects Grupo Mexico Bid for Banamex Unit

MEXICO CITY (Reuters) -Citigroup on Thursday rejected Mexican mining and transport conglomerate Grupo Mexico's bid for its ...

CIBanco loses operating license in Mexico amid U.S. money laundering concerns

The decision comes after the United States accused the financial institution of potential money laundering practices. The U.S. Treasury took action against CIBanco in late June, prohibiting certain ...

Insight: Latin American crime cartels turn to cryptocurrencies for money laundering

In April 2019, Mexican police arrested suspected human trafficker Ignacio Santoyo in a plush area of the Caribbean resort of Playa del Carmen after linking him to a prostitution racket extending ...