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Article: NAFTA turns BofA onto Mexican market, other banks more cautious. (North American Free Trade Agreement, Bank of America)
- Article from:
- Los Angeles Business Journal
- Article date:
- February 28, 1994
- Author:
CopyrightCOPYRIGHT 1994 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Passage of the North American Free Trade Agreement has opened up Mexico to U.S. banks for the first time in 55 years, but two of California's three biggest banks have taken a cautious approach to doing business south of the border. Mexican officials say more than a score of U.S. and Canadian banks have expressed interest in applying for licenses to operate subsidiaries, but First Interstate Bancorp and Wells Fargo Bank are not among them -- or at least not publicly.
However, San Francisco-based Bank of America, California's largest bank, is very much interested in the Mexican market. Bank of America officials say they hope to have full-blown branches operating in ...
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Article: Banorte and Wells Fargo to sign alliance.
Internet Securities;
September 28, 2004 ;
494 words
...MEXICO CITY, Sep 28, 2004 (El Economista/Corporate Mexico by Internet Securities ... Banorte will sign on Tuesday an agreement with U.S. financial group Wells Fargo to participate in the money remittance market and the distribution of ...
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