Catastrophic failure 31 years ago means banks won’t lend in Mexico

MXPE Weekly Essentials ft. battered Samsung holds firm, prices aren’t the only thing killing agriculture, and other highlights in Mexican politics, policy, and markets from the past week.

MXPE Weekly Essentials. Only the most important news in Mexican politics, policy, and markets from the past week.

Uncharted Mexico: Crisis of trust

Source: Reforma/World Bank

Mexicans famously can’t get any credit from the country’s financial institutions, but neither can companies. While the rest of Latin American banking has surged, loans from commercial banks to local businesses in Mexico have slumped.