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Monex Bank Acquisition Delays IPO

Aug 18, 2006

Mexican Monex Grupo Financiero has delayed its IPO once more, this time until 2008 following the acquisition of Comerica Bank Mexico for...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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