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HSBC's Mexico headquarters are at Torre HSBC on the Paseo de la Reforma near the Angel of Independence in Colonia Cuauhtémoc, Cuauhtémoc, Mexico City. [1] In July 2012, the US Senate accused HSBC of breaching safeguards that should have stopped the laundering of money from Mexico.
It is located opposite the Angel of Independence, and is home to the around 2,800 HSBC Mexico staff. Construction was completed in 2006, at a cost of around US$ 150 million. There are 23 office floors and 12 parking levels in the 136-metre-high (446 ft) tower, which is one of the tallest in Mexico City.
The provision for CLABE standardization was issued by the Asociación de Bancos de México (ABM) (Mexican Bank Association) in conjunction with the Banco de México (Mexico's Central Bank). It ensures that the inter-bank fund transfers, payroll deposits, or automatic service charges are made to the correct accounts.
Currently there are 2,462 municipalities in Mexico. Although not formally a state, Mexico City ( Spanish : Ciudad de México ), the capital city of United Mexican States and formerly designed as the Federal District ( Spanish : Distrito Federal ), has been made a separate federative entity that has autonomy on par with the states since a ...
HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
In 2004, HSBC USA sold two upstate New York branches to Gloversville-based City National Bank & Trust Co. [6] HSBC did not have enough nearby branches to give it economies of scale. In July 2011, the company sold its branches in upstate New York to First Niagara Financial Group for $1 billion, effectively selling-off the core of the old Marine ...
Retirement Funds Administrators (AFORE) (Spanish: Administradoras de Fondos para el Retiro) are companies authorized to manage Mexican individual retirement accounts as authorized by the Ministry of Finance and Public Credit of Mexico. They are structured as companies that manage these funds under strict regulations.
On March 28, 2003, HSBC acquired Household International, which was merged in 2005 with a subsidiary company that became the HSBC Finance Corp. Household International CEO William Aldinger became the highest-paid director in the United Kingdom before announcing his departure in February 2005. On March 2, 2009, HSBC chairman Stephen Green said ...