Latest News for: Mexican investor

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Mexico faces risks to growth, credit rating from energy bill -JP Morgan

Metro USA 22 Jan 2022
U.S. Energy Secretary Jennifer Granholm raised concerns about the risks to investors from the energy market initiative during talks with Mexican officials this week. The JP Morgan report, dated Thursday, stressed that the energy bill was likely to pass at some point this year, even if in watered-down form ... .
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Banorte analyzing possible buy of Citi’s Mexico consumer bank

Metro USA 21 Jan 2022
Citigroup last week said it would sell its Citibanamex consumer banking operations, ending a two decade retail presence in Mexico and prompting Mexican President Andres Manuel Lopez Obrador to call for domestic investors to snap up the assets and “Mexicanize” the bank.
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Banorte analyzing possible buy of Citi's Mexico consumer bank

Reuters 21 Jan 2022
Citigroup last week said it would sell its Citibanamex consumer banking operations, ending a two decade retail presence in Mexico and prompting Mexican President Andres Manuel Lopez Obrador to call for domestic investors to snap up the assets and "Mexicanize" the bank.
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Defiance Cross-Lists Quantum Computing (QTUM) and Hydrogen (HDRO) ETFs in Mexico

Hastings Tribune 20 Jan 2022
QTUM & HDRO ETFs will be cross-listed on the Mexican stock exchange, Bolsa Mexicana de Valores (BMV), available for trading as of January 5th 2021 ...Clean Hydrogen energy and quantum computing have emerged as groundbreaking sectors for retail and institutional investors.
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Teva settles investor lawsuit for $420m

Globes 19 Jan 2022
Teva denies all wrongdoing ... A few weeks ago, a settlement was approved of a derivative action brought against the company over its conduct in the acquisition of Mexican company Rimsa in 2015. Now, Teva has also settled a class action filed against it by investors in the US over the price fixing affair in which the company was allegedly involved.
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Scotiabank investors see Citi’s Mexican unit as good fit, CEO downplays interest

Metro USA 18 Jan 2022
3 lender to seriously examine the Mexican consumer banking ... And while Mexican government officials have said they have “no bias” toward foreign or local bidders, President Andres Manuel Lopez Obrador has urged domestic investors to “Mexicanize” the bank.
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Scotiabank investors see Citi's Mexican unit as good fit, CEO downplays interest

Reuters 18 Jan 2022
3 lender to seriously examine the Mexican consumer banking unit ... And while Mexican government officials have said they have "no bias" toward foreign or local bidders, President Andres Manuel Lopez Obrador has urged domestic investors to "Mexicanize" the bank.
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Mexican entrepreneur Garza Calderon confirms interest in Citi asset sale

FX Empire 17 Jan 2022
President Andres Manuel Lopez Obrador on Thursday named Garza Calderon as a potential bidder https.//www.reuters.com/world/americas/mexico-president-urges-mexican-investors-bid-citi-assets-2022-01-13 after Citigroup said this week it would sell its Citibanamex consumer banking operations, ending a two decade retail presence in Mexico.
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Mexico says US energy secretary to visit, power market concerns eyed

FX Empire 17 Jan 2022
Energy Secretary Jennifer Granholm will travel to Mexico this week for talks, with the government’s planned overhaul of the Mexican electricity market potentially on the agenda, President Andres Manuel Lopez Obrador said on Monday ... The initiative due to be debated in Mexico’s Congress in coming weeks has alarmed private investors, and the U.S.
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Mexican president calls for local buy of Citigroup unit

Arkansas Democrat-Gazette 16 Jan 2022
MEXICO CITY -- Mexican President Andres Manuel Lopez Obrador said last week he hopes Mexican investors buy the local subsidiary of Citigroup. In a post on social media, the president said that "we would like this bank to be Mexicanized," contending that foreign bankers often take profits abroad rather than re-invest them in Mexico.
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Mexican investors told to buy Citi unit

The Manila Times 14 Jan 2022
Mexico's President Andrés Manuel López Obrador said on Thursday (Friday in Manila) he wanted Mexican investors to buy the local consumer banking business of US giant Citi, which has announced plans to exit ... We're not against foreigners, but we would like this bank to be Mexicanized," he said.
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Mexican president urges investors to 'Mexicanize' Citi asset sale

Reuters 14 Jan 2022
MEXICO CITY, Jan 13 (Reuters) - Mexican President Andres Manuel Lopez Obrador on Thursday urged domestic investors to snap up the consumer banking arm of Citigroup (C.N) in his country after it went on sale this week ... Lopez Obrador stated that bidding for the Citi assets was not closed to foreign investors.
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Mexico's president wants Mexicans to buy Citigroup unit

Springfield News-Sun 14 Jan 2022
MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador said Thursday he hopes Mexican investors buy the local subsidiary of Citigroup. In a post on social media, the president said that “we would like this bank to be Mexicanized,” contending that foreign bankers often take profits abroad rather than re-invest them in Mexico.
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Mexico’s president wants Mexicans to buy Citigroup unit

Wtop 14 Jan 2022
MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador said Thursday he hopes Mexican investors buy the local subsidiary of Citigroup. In a post on social media, the president said that “we would like this bank to be Mexicanized,” contending that foreign bankers often take profits abroad rather than re-invest them in Mexico.
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