Michael O'Boyle

Mexican billionaire Ricardo Salinas Pliego’s use of an intelligence firm to secretly record a lawyer during an alcohol-fueled dinner was an abuse of process, a UK appeals court ruled Tuesday — the latest development in a lengthy battle between Salinas and a lender who allegedly stole some $400 million from him.

State Street Corp. struck a deal to acquire Credit Agricole SA and Banco Santander SA’s custody and asset-servicing business in Brazil, Mexico, and Colombia.

From its perch in one of Mexico City’s priciest office towers, overlooking the capital’s sprawling Chapultepec Park, BlackRock Inc. has its sights set on the country’s buildout.

Known for battling creditors since the 1990s, Mexican billionaire Ricardo Salinas Pliego is staging a new tactic in his skirmish over more than $600 million claimed by bondholders of his broadcaster TV Azteca.

Citigroup Inc. is lining up Wall Street banks as it targets more than $3 billion in an initial public offering for Mexico’s Grupo Financiero Banamex, according to people familiar with the matter.

Read the story in English

The state's electricity prices are double the national average, and wildfires are a big reason — but far from the only one. Fresh leadership can show the way on regulatory, financial and operational reform, write experts at GridLab and Energy Innovation.

Telefónica SA is considering granting a vendor loan to the buyer of its Mexican unit to help complete a deal that was announced in April, according to people familiar with the matter.

Digital bank Plata said annualized recurring revenue has reached $1 billion, a milestone that underscores the rapid expansion of its financial-services business in Mexico.

Mexico’s state utility aims to raise about $1 billion next month for an investment vehicle to finance new transmission lines, as President Claudia Sheinbaum tries to attract private capital to expand the nation’s grid.