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Mexico revokes 3 banking licenses at companies' own request

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Mexico revokes 3 banking licenses at companies' own request

The banking licenses for the Mexico-based offices of Banco Popular Español SA, Haitong Bank SA and Banco do Brasil SA were revoked by Mexico's Secretariat of Finance and Public Credit in conjunction with the banking regulator CNBV, at the foreign-based banks' own request, according to a report by La Jornada.

The banks made the petition after deciding to close their operations in Mexico, the report said.