Buddy, can you spare a peso
Article Abstract:
Mexico has seen a recovery in consumer spending, interest rates and inflation, and banks are recovering from bad debt problems, though they are reducing the amount they lend. Liquidity could be one reason why, and high interest rates, though rates have fallen. Capital adequacy requirements have also been cited, but delays in bankruptcy and loan guarantee legislation appears the most popular reason for the drop in lending. Some sectors, like agriculture and construction, tend to have poor repayment records. Mergers and takeovers may help banks to lend more.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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The Spanish acquistadores
Article Abstract:
Consolidation in the Mexican banking industry is examined, including the role of Spanish banks in the consolidation process.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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The opposition learns to oppose
Article Abstract:
The Mexican political opposition has become involved in a debate on the country's bank bail-out. Fobaproa is the Mexican deposit protection fund which took over some bad debt claims following the 1994 peso crisis. The government has proposed converting promissory notes used to pay the banks, into public debt. The Party of the Democratic Revolution opposed this move, while the National Action Party initially supported the government, but has since argued that the rescue of the banks was unlawful. An agreement is needed to help the Mexican banking system to recover.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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