Mexico temporarily hands CIBanco, Intercam trust businesses to development banks
Mexican development banks will temporarily take over the trust units of CIBanco and Intercam Banco, while the ministry looks for a permanent solution to transfer them over to private institutions, it said in a statement.
The transfer will allow "the trusts to continue operating uninterrupted, for the benefit of their settlors, beneficiaries, and third parties involved," the ministry said.
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