SAVING SERFIN.

Author:Bustos, Sergio R.
 
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Can anyone afford to save Banca Serf in, one of Mexico's biggest banks? The Mexican government recently injected temporarily about US$1.4 billion in cash to keep the bank afloat. Its shares have been suspended on the Mexican bolsa and its American Depositary Receipts were delisted from the New York Stock Exchange in February. Rescuing the bank will not come cheap. According to banking analysts, Serfin needs at least $1 billion and maybe as much...

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