BANORTE

Updated 05-May-2020.

Mondo shtuff from around the internet, all about BANORTE!

Banorte | El Banco Fuerte de México: ¡Bienvenido a Banorte! Administra tus finanzas con Banco en línea, solicita tu tarjeta de crédito Banorte, cambia a Nómina Banorte, solicita un crédito hipotecario, fondos de inversión y más.

My botty best at summarizing from Wikipedia: Grupo Financiero Banorte, S.A.B. de C.V. is a Mexican banking and financial services holding company . it is one of the four largest commercial banks of Mexico by assets and loans Banorte has 1,269 branches and 7,297 ATMs nationwide . it can also receive deposits through more than 5,200 commercial establishments . Banorte, with total consolidated assets of approximately $15.1 billion, is the fifth largest bank in Mexico . it was established in 1889 as Banco Mercantil de Monterrey and in 1985 merged with Bancrecer had taken over another bank, Banco del Noroeste (Banoro), in 1997 . in 1992, it was purchased from the Mexican Government by investors headed by the Mexican businessman Roberto Gonzál Banorte transformed itself from a regional bank to one with nationwide coverage . in less than 10 years, the bank transformed itself into a financial group with full services . it made an agreement to merge Casa de Bolsa 22 high-ranking and mid-level bankers from 12 of Mexico’s largest banks were arrested . the investigation produced 160 indictments, including 3 Mexican banks and 26 Mexican bankers . u.s. justice department Banorte was suspected to have forfeited $7,323,103.51 US dollars . on July 1, 1999, a U.S. federal judge dismissed with “extreme prejudice” a $7.3 million forfeiture Banorte had implemented anti-money laundering policies and procedures . it had detected and closed money laundering accounts prior to Operation Casablanca . these policies and practices enabled the bank to defend money laundering charges . Taeko Hoshino. “Foreign ownership in Mexican Banking: A Self- Correcting Phenomenon”. The Wharton School of the University of Pennsylvania, Philadelphia, PA 19104, October 23, 2006.