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MEXICO HAS UNCOMPETITIVE BANKING SYSTEM
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Infolatina
07-08-2004
Mexico has uncompetitive banking system
MEXICO CITY, Jul 08, 2004 (El Financiero/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- In developed countries, although there has been intensive consolidation of banking organizations within their borders, international mergers and acquisitions have been relatively scarce. It is estimated that two thirds of multinational subsidiaries prefer to use local banking institutions. However, in Mexico and other developing countries, the penetration of the banking sector has displaced or bought out the national banks. In ...
