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FinCEN Fallout Moves MX$3.2 Trillion as SMEs Face PUI Gaps
By Duncan Randall - Thu, 05/07/2026 - 11:19
An estimated MX$3.2 trillion in trusts moved after FinCEN sanctions on banks, while 80% of SMEs face PUI non-compliance in Mexico.
https://mexicobusiness.news/tag/general-atlantic
More Finance & Fintech
Citigroup Advances Mexico Exit with US$2.5 Billion Banamex Sale
By Duncan Randall - Tue, 05/05/2026 - 15:39
Citigroup sells 22.6% stake in Banamex for US$2.5 billion, advancing its Mexico exit strategy.
Citi to Sell 24% of Banamex for US$2.5 Billion Ahead of IPO
By Mariana Allende - Tue, 02/24/2026 - 13:34
Citi agrees to sell 24% stake in Banamex for US$2.5 billion ahead of IPO, advancing Mexico retail exit.
FEMSA Exits Jüsto as Grupo OMNi Takes Control
By MBN Staff - Mon, 01/19/2026 - 15:23
FEMSA exited its investment in Jüsto as Grupo OMNi takes over, confirming it is no longer linked to the digital supermarket’s operations.
Jüsto to Resume Operations After OMNi Acquisition
By MBN Staff - Wed, 01/14/2026 - 15:11
Jüsto will resume operations after its acquisition by OMNi, which plans a US$100 million investment as founder Ricardo Weder exits.
Azcárraga Jean Reshapes Televisa Holding, Backs Ollamani
By MBN Staff - Mon, 01/12/2026 - 13:51
Emilio Azcárraga Jean agreed to sell a minority stake in Grupo Televisa, retaining control while shifting focus to Ollamani.
Is AI Becoming the Next Great Market Bubble?
By Diego Valverde - Mon, 11/24/2025 - 11:30
While investment in AI is rising, critics warn that an AI bubble is coming, and it could be one of the biggest and most dangerous the world has seen.
Kavak Raises US$127 Million, Valuation Drops 75%
By MBN Staff - Wed, 04/16/2025 - 13:57
Kavak raises US$127 million, with valuation dropping 75% from US$8.7 billion in 2021 to US$2.2 billion, losing its title as LatAm’s top startup
Trump Extends TikTok US Sale Deadline to Mid-June
By MBN Staff - Fri, 04/04/2025 - 17:00
Trump grants ByteDance 75 more days to divest TikTok US, extending the deadline to mid-June amid ongoing national security concerns
Coppel, Amazon Invest in Mexican Operations: The Week in Retail
By Mariana Allende - Thu, 10/24/2024 - 12:41
Both Coppel and Amazon have announced billionaire investments in their Mexican operations, while Jüsto secured a US$70 million Series C investment.
Jüsto Secures US$70 Million to Strengthen Mexican Operations
By MBN Staff - Mon, 10/21/2024 - 12:19
Online grocery Jüsto raised US$70 million in its Series C round to strengthen its presence in Mexico and Latin America.