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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.
https://mexicobusiness.news/tag/retail-banking
More Sustainability
BBVA México Advances Sustainable Finance, Empowers Women
By Duncan Randall - Wed, 11/12/2025 - 18:06
BBVA México has mobilized over US$18 billion in sustainable financing, supporting 6,000+ women entrepreneurs with US$818 million in credit in 2025.
Citigroup’s 3Q25 Profit Up 16% Despite Banamex Stake Sale
By MBN Staff - Tue, 10/14/2025 - 11:16
Citigroup’s 3Q25 net income rose 16% to US$3.8 billion despite a US$726 million loss from selling a 25% stake in Banamex.
SWIFT, Banks Roll Out Blockchain for Faster Global Payments
By MBN Staff - Wed, 10/01/2025 - 15:08
SWIFT and 30+ banks launch blockchain project to enable instant, 24/7 cross-border payments, cutting costs and modernizing banking.
BBVA Leads as Mexico’s Credit Card Contracts Hit 37.1 Million
By MBN Staff - Tue, 08/19/2025 - 07:35
Credit card contracts in Mexico reached 37.1 million in 1H25, up 1.83 million YoY, led by BBVA.
BBVA Mexico Earns MX$29 Billion in 2Q25 Despite Risk Provisions
By MBN Staff - Tue, 08/05/2025 - 07:59
BBVA Mexico posts MX$29.3 billion profit in 2Q25, driven by interest income and fees despite rising risk provisions.
Klar Targets IPO, Expands Digital Finance Services in Mexico
By Mariana Allende - Wed, 07/02/2025 - 09:10
Klar is expanding digital finances in Mexico by offering accessible credit, aiming for an IPO in 2026, says CEO Stefan Moller.
Proposed US Tax May Cut Mexican Deposits, Raise Credit Defaults
By Mariana Allende - Fri, 06/13/2025 - 15:54
A proposed US 3.5% remittance tax may raise credit delinquency and cut retail banking deposits in Mexico, warns Banxico.
Security, Investment Are Top Priorities for Mexicans: Openbank
By Mariana Allende - Mon, 05/12/2025 - 09:53
Mexicans are looking for secure financial products, like accounts that allow them to invest and grow their money, says Openbank’s Matías Núñez Castro
Banco Inbursa Sells 49.9% of STM to Stellantis' FIDIS
By Óscar Goytia - Wed, 04/02/2025 - 13:41
Banco Inbursa sold 49.9% of STM Financial to Stellantis' FIDIS SpA. The deal, pending regulatory approval, expands Stellantis' presence in Mexico