A house built on sand

The tequila crisis, Asian fallout, money laundering charges - Mexican bankers walk a tortured road. Nor is there any sign of reprieve. Fobaproa, the vehicle that bailed out the country's banks, is about to undergo a public audit. The political opposition is demanding blood for what they see as the mishandling of the crisis. Bankers are again in the firing line. Brian Caplen reports.

The troubles of Mexico’s bankers are only just beginning. In the months ahead their past mistakes will come under renewed scutiny in a major investigation demanded by the Mexican congress. Some bankers could lose their jobs, a few could wind up in jail, and their banks – still suffering the effects of the industry’s near collapse following the 1995 peso crisis – will be put under new pressures.

With political point scoring a major factor in the investigation, predicting the final outcome is tough.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access