Comments on: Why did Nafta have no effect on banking? http://blogs.reuters.com/felix-salmon/2010/06/09/why-did-nafta-have-no-effect-on-banking/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: CDNrebel http://blogs.reuters.com/felix-salmon/2010/06/09/why-did-nafta-have-no-effect-on-banking/comment-page-1/#comment-15734 Wed, 09 Jun 2010 22:22:52 +0000 http://blogs.reuters.com/felix-salmon/?p=4202#comment-15734 Is it me or are Mexico’s two biggest banks foreign owned: Banamex is Citi (American), Santander is Spanish… maybe that’s why they don’t make a footprint in America – they themselves are the footprint from elsewhere.

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By: HBC http://blogs.reuters.com/felix-salmon/2010/06/09/why-did-nafta-have-no-effect-on-banking/comment-page-1/#comment-15725 Wed, 09 Jun 2010 20:10:24 +0000 http://blogs.reuters.com/felix-salmon/?p=4202#comment-15725 Since NAFTA hasn’t done diddly for individuals and small businesses on either side of the frontier, it’s hard to imagine what significant growth in international transfers might have so arisen. Obviously the banks didn’t exactly lose money on NAFTA which, while probably part of the incentive for major corporations to back it, is about all one is likely to learn from the NAFTA situation at this point.

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By: Schooner http://blogs.reuters.com/felix-salmon/2010/06/09/why-did-nafta-have-no-effect-on-banking/comment-page-1/#comment-15722 Wed, 09 Jun 2010 19:01:56 +0000 http://blogs.reuters.com/felix-salmon/?p=4202#comment-15722 Scotiabank owns a fairly large Bank in Mexico but I don’t know if it was bought post NAFTA. Scotia is also all over Latin America.

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By: lemarin http://blogs.reuters.com/felix-salmon/2010/06/09/why-did-nafta-have-no-effect-on-banking/comment-page-1/#comment-15720 Wed, 09 Jun 2010 18:15:48 +0000 http://blogs.reuters.com/felix-salmon/?p=4202#comment-15720 Felix, branches of foreign banks do not have the same statute as domestics banks and very few of them made inroads in consumer banking (except for HSBC, mostly in the West).
http://en.wikipedia.org/wiki/Banking_in_ Canada#Regulation

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By: IbexSalad http://blogs.reuters.com/felix-salmon/2010/06/09/why-did-nafta-have-no-effect-on-banking/comment-page-1/#comment-15719 Wed, 09 Jun 2010 18:12:31 +0000 http://blogs.reuters.com/felix-salmon/?p=4202#comment-15719 You forget BBVA.

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By: Lou_W http://blogs.reuters.com/felix-salmon/2010/06/09/why-did-nafta-have-no-effect-on-banking/comment-page-1/#comment-15718 Wed, 09 Jun 2010 18:01:16 +0000 http://blogs.reuters.com/felix-salmon/?p=4202#comment-15718 I would argue this is more a US/Mexico thing than US/Canada. You mention TD, but remember that Bank of Montreal owns Harris in Chicagoland and RBC bought Centura of North Carolina a few years back and has added other community banks in the SE.

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