Regulatory Alerts2023-07-19 | DOF 5696029Added
Office Letter Revoking the Authorization for Organization and Operation as a Multiple Banking Institution Subsidiary of American Express Bank (Mexico), S.A. Multiple Banking Institution
The authorization for American Express Bank (Mexico), S.A., Multiple Banking Institution, to organize and operate as a multiple banking institution subsidiary was revoked by the Board of Governors of the National Banking and Securities Commission, reversing the grant originally issued by the Ministry of Finance and Public Credit on January 3, 1996. This resolution follows a request submitted by the institution and considers favorable opinions from the Institute for Protection of Bank Savings and the Bank of Mexico. The institution is required to provide a copy of the public instrument formalizing the revocation, with inscription data in the Public Registry of Commerce, within 45 business days counted from the day following the inscription date.
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