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Mexico

Finacity launches trade receivables securitization

Finacity Corporation (Finacity) has announced that it has successfully launched an IFRS off-balance sheet trade receivables securitization for Valores Quнmicos, a subsidiary of CYDSA (more…)

#exports#funding#management

Mexican factoring company prepares for IPO

Receivables finance provider to launch offering later in May (more…)

#leasing#receivables#receivables financing


Tungsten launches e-invoicing platform in Mexico

Electronic invoicing system to meet Mexican government's digital formatting regulations (more…)

#digital#electronic invoicing#i


The Banamex fraud – assessing the impact one year...

Cornelius Cavendish investigates how the USD400 million fraud case involving Citi's Mexican subsidiary, Banamex, has affected receivables finance industry risk…

#bank#factoring fraud#frauds


Mexican factor announces public share offering

Offering to be launched on the Mexican Stock Exchange in the third week of March (more…)

#Credit Suisse#financial services#leasing


CNBV imposes fine over factoring operation

Penalty believed to be related to failure to apply correct monitoring procedures (more…)

#bank#BBVA#credit risk


Citi announces another alleged fraud at Banamex

CFO reveals details of secondary case, including amounts involved (more…)

#credit risk#risk


New credit risk assessment regulations for Mexico

National Banking and Securities Commission introduces new guidelines for factoring companies (more…)

#credit risk#factoring fraud#management


US investment firm funds Mexico City factoring start-up

Boston-based Beamonte Investments will play large role in running of Kiwii Capital (more…)

#bank#cash-flow#funding


Arresting developments in Banamex fraud case

Mexican authorities issue warrants and charge Oceanografнa CEO (more…)

#bank#confirming#WHO


Axe falls on 11 in Banamex aftermath

Senior executives amongst those fired for failing to prevent USD400million fraud (more…)

#bank#international#risk


Stricter regulations to be enforced in wake of Banamex...

CNBV to introduce more stringent procedures for lax banks by Q4 (more…)

#bank#banks#Paid

Oceanografia CEO turns self in to be questioned by...

Amado Yanez held for questioning (more…)

#bank#receivables

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