April 30, 2016 12:59 PM ET

Banks

Company Overview of Banamex USA

Company Overview

Banamex USA provides banking services for companies and individuals that do business in Mexico, the United States, and Latin America. It offers checking, savings, and money market accounts; time deposit accounts; electronic funds transfer, including ATM cards; and foreign exchange, VISA or MasterCard credit cards, and online bill payment services for individuals. The company also provides corporate banking services, including working capital loans, import/export lines of credit, accounts receivable and inventory financing, commercial and stand-by letters of credit, electronic funds transfer, foreign exchange (Peso-Dollar), and deposit and investment accounts. In addition, it offers online ba...

2029 Century Park East

42nd floor

Los Angeles, CA 90067

United States

Founded in 1963

Phone:

310-203-3440

Key Executives for Banamex USA

Chief Executive Officer and President
Age: 64
Compensation as of Fiscal Year 2015.

Banamex USA Key Developments

Department of Business Oversight Announces $40 Million Settlement with Banamex USA

The Department of Business Oversight (DBO) announced Citigroup subsidiary Banamex USA will pay the State $40 million in civil penalties to resolve allegations Banamex violated federal laws that require banks to maintain adequate anti-money laundering programs. The $40 million penalty is the largest ever assessed by the DBO against a bank. The DBO pursued the enforcement action jointly with the Federal Deposit Insurance Corporation (FDIC). The FDIC announced the assessment of a $140 million penalty against Banamex, which will be satisfied in part by the DBO's penalty. The FDIC penalty will be paid to the U.S. Department of the Treasury.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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