Overview

• Grupo Financiero Mifel confirmed it will no longer pursue Vector Casa de Bolsa after failing to reach agreements and because the seller shifted to a different sales process.
• Vector has been flagged by the U.S. Treasury for alleged money-laundering ties, and Becker said the firm has until October 20 to secure a buyer, referencing a FinCEN timeline.
• With Mifel out, at least four other financial institutions are expected to enter the bidding for Vector, according to Milenio.
• Mifel is evaluating selected assets from CIBanco and Intercam only if they fit its business model, as those firms also look to sell units after being cited by U.S. authorities.
• Becker said limiting IPAB deductibility would reduce bank profits and could yield 8,000–10,000 million pesos for the government, adding that lenders will try not to pass costs to customers.