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NEWS: Mexican banks hit by US sanctions sell major assets

The Intercam bank logo is pictured in one of its branches, in San Pedro Garza Garcia, Mexico, June 27, 2025. REUTERS/Daniel Becerril

By PAUL O’DONOGHUE, Senior Correspondent

TWO Mexican banks have sold large parts of their operations after the extension of sanctions effectively blocking their access to the U.S. financial system.

Mexican officials said the moves are aimed at protecting depositors.

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