Mexico's National Banking and Securities Commission (CNBV) has decreed a temporary managerial intervention at CI Banco, S.A. and Intercam Banco, S.A., citing Article 129 of the Credit Institutions Law and framing the action as necessary to protect depositors and creditors. The intervention will replace the banks’ administrative bodies and legal representatives to safeguard the rights of savers and customers, given the potential implications for the banks of measures announced by the United States Department of the Treasury. Mexican financial authorities also indicated they will continue coordinating to support the stability, integrity and proper functioning of the financial system.
Mexico Comision Nacional Bancaria y de Valores (CNBV) 2025-06-26
Mexico's National Banking and Securities Commission orders temporary managerial intervention in CI Banco and Intercam Banco
Mexico's National Banking and Securities Commission (CNBV) has initiated a temporary managerial intervention at CI Banco, S.A. and Intercam Banco, S.A. under Article 129 of the Credit Institutions Law to protect depositors and creditors. The intervention involves replacing the banks' administrative bodies and legal representatives due to potential impacts from U.S. Department of the Treasury measures. Mexican authorities will continue coordinating efforts to maintain financial system stability and integrity.