Banamex is becoming a fully Mexican bank. For the millions of customers it serves, including expats and foreign residents who have relied on its Citigroup connection for years, that transition just moved significantly closer to completion. Citigroup confirmed Wednesday that it has closed the sale of 22.6% of Grupo Financiero Banamex to a group of institutional investors and … [Read more...] about Citigroup Sells Another Chunk of Banamex — What It Means for Your Account
Sheinbaum Defends Governor Accused of Cartel Ties, Cites Sovereignty
A sweeping U.S. indictment targeting a sitting Mexican governor has set off one of the sharpest diplomatic confrontations of President Claudia Sheinbaum's administration, forcing her to publicly balance national sovereignty against mounting American pressure over drug-trafficking allegations. Federal prosecutors in Manhattan unsealed charges Wednesday against Rubén Rocha … [Read more...] about Sheinbaum Defends Governor Accused of Cartel Ties, Cites Sovereignty
Megapuente: May Brings a 6-Day Break, If You Bend the Rules
Mexico's official school calendar has handed families a generous stretch of days off in early May, and a lot of people are quietly turning it into a six-day megapuente — even if the government only signed off on part of it. In Mexico, a puente (literally, "bridge") is what happens when a public holiday lands close enough to a weekend that families and workers can stitch the … [Read more...] about Megapuente: May Brings a 6-Day Break, If You Bend the Rules
U.S. Charges Sinaloa Governor With Drug Trafficking in Cartel Case
The governor of Mexico's Sinaloa state is facing U.S. federal drug charges, marking one of the most significant corruption cases to reach a sitting Mexican official in years. Rubén Rocha Moya, who has served as Sinaloa's governor since November 2021, was among 10 current and former Mexican officials charged Wednesday in a U.S. indictment unsealed in Manhattan federal court. … [Read more...] about U.S. Charges Sinaloa Governor With Drug Trafficking in Cartel Case
Mexico Slowly Opens Its Doors to Travelers With Disabilities
Mexico welcomes tens of millions of tourists a year. For the roughly 20.8 million Mexicans who live with some form of disability — about 16% of the population, according to the 2020 national census — the country has been considerably harder to navigate. That is starting to change, driven by a mix of private operators, municipal initiatives, and a push at the federal level that … [Read more...] about Mexico Slowly Opens Its Doors to Travelers With Disabilities