Mexico: Bank of America / Merrill Lynch raises alert on country’s banks exposure to state debt

Posted on October 22, 2012 • Filed under: Business, Economy, Mexico

The high exposure of banks in the country’s state debt represents a potential risk in a scenario where federal resources are reduced mainly channeled those subnational governments, warned Mexico economist for Bank of America Merrill Lynch (BofA-MLynch), Carlos Capistrán. Read Article

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