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HSBC purchased Banco Internacional, S.A. known as Bital, in November 2002, several years after Bital participated in the controversial Fobaproa, which rescued the nation's banks from the 1994 crisis, at the cost of the Mexican taxpayers. HSBC's Mexico headquarters are at Torre HSBC on the Paseo de la Reforma near the Angel of Independence in ...
Banco BCH (bought by Banco Unión) BITAL (taken over by HSBC) Crédito Méxicano; KEB Hana Mexico (Sold Mexican unit to InvestaBank S.A.) IXE Banco (merged with Banorte) Grupo Bursatil Mexicano (bought by Banco del Atlántico) Multibanco Comermex (bought by Inverlat and became Comermex Inverlat) Scotiabank Inverlat; Multibanco Mercantil de México
Bital was first known as Banco del Atlantico during the 1980s and later was changed to Bital. It was the last Mexican bank [1] whose balance sheet was still struggling from the 1995 Mexican peso crisis. In 2002, HSBC Holdings PLC agreed to acquire Bital at an agreed price of $1.20 a share, thus Bital was valued at $1.14 Billion. [2]
An HSBC spokesperson confirmed his comments to Reuters. "We're still looking at the opportunity, if there's a real strategy for the bank," HSBC Mexico's Jorge Arce said in a conference call first ...
HSBC Tower (Spanish: Torre HSBC) is a skyscraper office building located on Paseo de la Reforma in Colonia Cuauhtémoc, Cuauhtémoc, Mexico City, Mexico, which is the headquarters of HSBC Mexico. [1] It is located opposite the Angel of Independence , and is home to the around 2,800 HSBC Mexico staff.
Banco Safra: 50.76 19 Banco de Crédito del Perú: 50.11 20 Grupo Bolívar 41.96 21 HSBC México: 40.67 22 Scotiabank México: 38.85 23 Banco de la Nación Argentina: 33.42 24 BAC Panama: 32.24 25 Grupo Inbursa: 30.41 26 Intercorp Perú: 29.27 27 Banco Cooperativo Sicredi 28.47 28 Banco Citibank 28.40 29 BBVA Perú: 25.74 30 Bicapital Corp. 24. ...
For example, in 2008, the CEO of HSBC Mexico was reportedly informed by Mexican law enforcement about a recording of a Mexican drug lord, who indicated that HSBC Mexico was a preferred location for money laundering. [83]
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