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Central Banks Back Fed as Banxico Hints at Rate Pause
By Mariana Allende - Thu, 01/15/2026 - 16:56
Central banks backed Fed independence as Banxico hinted at a rate pause, with Mexico’s inflation ending 2025 at a five-year low.
https://mexicobusiness.news/tag/commercial-banking
More Finance & Fintech
JPMorgan Chase to Acquire Apple Credit Card From Goldman Sachs
By MBN Staff - Fri, 01/09/2026 - 10:02
JPMorgan Chase will take over Apple's credit card portfolio from Goldman Sachs, involving the transfer of approximately US$20 billion in card loans.
Mexico Development Banks Support 2.2 Million Borrowers
By MBN Staff - Fri, 12/26/2025 - 12:53
Mexico’s development banks extended over MX$715 billion in direct credit in 9M25, reaching MX$1 trillion with guarantees.
Mexican Banks Increase IPAB Contributions to MX$28.5 Billion
By Mariana Allende - Tue, 12/23/2025 - 09:58
Commercial banks in Mexico paid over MX$28.5 billion to IPAB from January to September 2025, up MX$2.68 billion year on year.
Banorte Acquires 100% of RappiCard in US$50 Million Deal
By Mariana Allende - Fri, 12/19/2025 - 15:26
Banorte acquired the remaining 44.28% of RappiCard operator Tarjetas del Futuro for US$50 million, gaining full ownership after regulatory approval.
BBVA Unveils Record Share Buyback Plan as Sabadell Takeover Looms
By Mariana Allende - Fri, 12/19/2025 - 15:24
BBVA will launch a record MX$82.3 billion share buyback on Dec. 22 as part of a shareholder plan, amid its bid for Banco Sabadell.
BBVA Teams With OpenAI to Drive AI Across Operations
By MBN Staff - Wed, 12/17/2025 - 07:30
BBVA partners with OpenAI to integrate AI across operations, customer experience, and processes, boosting its AI transformation strategy.
Citi Closes Sale of 25% Banamex Stake to Chico Pardo
By Mariana Allende - Tue, 12/16/2025 - 12:54
Citigroup completed the sale of a 25% stake in Banamex to investor Fernando Chico Pardo, closing the deal Dec. 15 after regulatory approval.
Banorte Gets CNA Approval to Sell Bineo to Klar
By Mariana Allende - Wed, 12/10/2025 - 15:10
Banorte won CNA clearance to sell Bineo to Klar, after the digital bank’s weak performance hurt third-quarter results.
Grupo Multiva Approved to Buy CIBanco Trust Unit, Says SHCP
By MBN Staff - Wed, 12/10/2025 - 07:44
Mexico's SHCP has cleared Grupo Multiva to acquire CIBanco’s trust business, a move that follows recent turbulence and US money-laundering allegations