Mexico Steps In to Run Banks Tarred by US Drug Accusations
Mexico’s bank regulator, Cibanco SA and Intor Intor Intor Intor Intor Intact Banco SA, a extraordinary measure aimed at protecting customers by US officials by US officials, have stepped into temporarily managing.
The allegations of the loans potentially facilitated the money laundering of drug cartels, sent shock waves through a country that was scared by banking scandals, and asked questions about whether more Washington is the target of Washington. Mexico’s banking lobby ran to say that interventions would not affect the country’s financial system.
In a statement on Thursday, the National Banking and Securities Commission or CNBV, the potential results for these banks announced by the US Treasür Department, “these institutions have replaced the administration in Cibanco and Intor Intacam to protect the rights of their protectors and customers”.
Cibanco said in a statement that he would cooperate with the intervention and that his funds were confident according to Mexican laws.
“Within the legal framework that manages financial institutions, we will always cooperate with the regulatory authorities in both Mexico and the United States to resolve possible concerns determined by CNBV and CNBV and CNBV and CNBV.
Intakam did not respond immediately to the request for comments, but on Wednesday, he rejected the charges.
The US Treasury’s financial crime preservation network or Fincen, with orders that will prohibit certain fund transmission with US organizations, Stiped Cibanco, Interkam and Aractivity Vecor Casa de Bolsa SA. The non -bank vector is not subject to such an intervention because it does not hold deposits. Orders enter into force 21 days after being published in the US Federal Registration. The registry’s website does not yet include the publication of orders.
Although President Claudia Sheinbaum responds to US measures, even though it argues that there is no evidence to support appointments, customers are among the risks that customers can be frightened by claims.
In the 1990s, the Mexicans saw their fair shares from the failures of the relevant party loans in the 1990s until the adoption of HSBC Holdings PLC, at least $ 881 million in drug revenues, at least $ 881 million of $ 881 million.
Asocacion de Bancos de Mexico or ABM said that bank interventions will not affect the stability of the country’s banking system.
“The intervention explained,” the intervention is trying to create an atmosphere of certainty to allow institutions to meet regulatory standards for the period required for normal. ” He said.
Investors were also slightly worried that US measures gave a great risk for Mexico and published the fourth day of earnings of the PESO currency. Haris Kurshid, the chief investment manager of Karobaar Capital, is still not worried about long -term investors without disturbing the economic foundations of Mexico.
“Even if this is stable, a serious reputation for Mexico’s banking system,” he said. “The real risk is not only customer outlets, but also on cross -border capital flows and compliance costs.”
Although the three companies tagged by the USA are small, they are known for their foreign exchange operations and overseas branches, all of them investing the richness of the Mexicans. Vector was founded by a key ally of former President Andres Manuel Lopez Obrador. Interm is known for its FX exchange investment funds. Cibanco has a night segment that explains market movements on Milenio TV.
Manuel Somoza, a Cibanco manager, had to leave the routine TV home to defend the bank. The authority said that Cibanco had not contacted by US officials before the announcement and that it was open to resolving any concern. He said he was on the phone with customers in the afternoon and that he was sure that his investments were safe.
“Rumors hurt you more than official charges,” he said. “That’s why we want them to do the investigation as quickly as possible.”
This article was created from an automatic news agency feeding without changing the text.
