Another Wake Up Call

Another Wake Up Call

Mexico

One issue dominated the annual gathering of Mexican bankers in Acapulco in March, just as it does every year. Strange as it may seem to those poorly acquainted with Mexico's banking system, politicians are having to twist bankers' arms to make them lend money. Lending is a bank's main function in most countries, but not in Mexico. Bankers have resisted these demands for years, but the pressure is becoming unbearable. Mexico is desperate for housing yet mortgage lending by banks declined last year. Politicians and business leaders are fuming that banks are chalking up fat profits f

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