May 25, 2016 5:42 AM ET

Banks

Company Overview of HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC

Company Overview

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, together with its subsidiaries, provides banking products and credit services in Mexico. It operates through Personal and Equity Administration Banking, Corporate Banking, and Global and Markets Banking segments. The company offers deposits, credit cards, and personal and car loans, and mortgage credits and traditional borrowing; credit lines for working capital; funding for exportations; and financial services related to checking and investment accounts. It also provides cash administration; trust, treasury, and custody services; financial consultancy; and risk and cash flow administration services, including factoring,...

Avenida Paseo de la Reforma # 347

Oficina 5

Colonia Cuauhtémoc

Delegacion Cuauhtémoc

Mexico City, DF 06500

Mexico

Founded in 1941

Phone:

52 55 5721 5661

Fax:

52 55 5721 2626

Key Executives for HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC

Chairman of The Board, Chief Executive Officer and General Director
Age: 55
Chief Financial Officer
Depity Chief Executive Officer
Managing Director
Compensation as of Fiscal Year 2015.

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC Key Developments

Nova Scotia Bank And Grupo Financiero Reportedly In Talks To Buy HSBC's Latin America Assets

The Bank of Nova Scotia (TSX:BNS) (Scotiabank) and Grupo Financiero Ve Por Más, S.A. De C.V (Ve por Más) are in talks to buy HSBC Holdings plc's (LSE:HSBA) Latin American assets, including banks in Mexico and Brazil, El Financiero reported April 7, 2015, citing sources close to the negotiations. Ve por Más is reportedly interested in HSBC México SA Institución de Banca Múltiple Grupo Financiero HSBC (HSBC Mexico, S.A.), which has a strong financial position despite the accusations that it has facilitated money laundering and tax evasion. For its part, Scotiabank could be after HSBC Mexico and/or HSBC Bank Brasil S.A. - Banco Múltiplo, although the high price tag for the latter has reportedly postponed a possible deal, the report said. HSBC Group Chief Executive Officer Stuart Gulliver is reportedly under pressure to sell some of the bank's assets to meet the group's growing demand for capital at home. Although a Scotiabank representative contacted by SNL said the bank does not comment on speculation regarding acquisitions, he said that Mexico is one of the bank's "priority markets".

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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