Money of CIBanco and Intercam Clients Is 'Absolutely' Safe, Officials Say: Friday's Mañanera Recapped

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Mexico City.- The situation of CIBanco and Intercam Banco could affect various participating figures of the Mexican financial system such as investment funds, public entities, companies, banking financial institutions and non-bank financial intermediaries, HR Ratings said.

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The Mexican banking system operates without interruption after the recent intervention of three financial institutions (CI-Banco, Intercam Banco and Vector Casa de Bolsa) by the National Banking and Securities Commission (CNBV). The action, preventive and coordinated by the Mexican authorities, followed the accusations of money laundering by the United States against the entities. The solidity of the system was confirmed by the Secretary of Fina…

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SHCP said Vector, CIBanco and Intercam were intervened to care for clients, as these institutions had financing problems.

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The Secretary of Finance and Public Credit, Édgar Amador Zamora, said that the country’s banking system is operating normally after the intervention of the National Banking and Securities Commission. In “La Mañanaera” this Friday, the federal official explained that the temporary intervention of CIBanco, Intercam and Vector after the U.S. Treasury Department imposed sanctions for alleged irregularities and links with organized crime cartels, was…

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Intervention to CI Banco, Intercam and Vector: Hacienda The position Intervention to CI Banco, Intercam and Vector: Hacienda appeared first in Central MX News.