Mexico's National Banking and Securities Commission (CNBV) has ordered a temporary managerial intervention in CI Banco, S.A. and Intercam Banco, S.A. to protect depositors and creditors. Based on Article 129 of the Credit Institutions Law, the measure replaces the banks’ administrative bodies and legal representatives to safeguard the rights of savers and clients, citing potential implications for the institutions from measures announced by the United States Department of the Treasury. Mexican financial authorities indicated they will continue coordinating actions to support the stability, integrity and proper functioning of the financial system.
Central Bank of Mexico 2025-06-26
Mexico's National Banking and Securities Commission orders temporary managerial intervention at CI Banco and Intercam Banco
Mexico's National Banking and Securities Commission has ordered a temporary managerial intervention in CI Banco, S.A. and Intercam Banco, S.A. to protect depositors and creditors. The intervention, based on Article 129 of the Credit Institutions Law, replaces the banks’ administrative bodies and legal representatives. Mexican financial authorities will continue coordinating actions to support financial system stability and integrity.