| BUSINESSWEEK ONLINE : JULY 5, 1999 ISSUE | ||||||||
| ||||||||
 | ||||||||
| INTERNATIONAL -- LATIN AMERICA
Mexico's Bottomless Banking Bailout THE PROBLEM Banks are burdened by billions in past-due loans extended during a lending boom before the December, 1994, peso devaluation THE SOLUTION After spending more than $65 billion to clean up banks, the government must still rescue Banca Serfin, the country's No. 3 bank THE DILEMMA Until Mexico's banks are cleaned up and better capitalized, lending to business will remain at close to nil, cramping economic growth DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
|  |
 | |
RELATED ITEMS The Mexican Bank Crisis Just Won't Go Away (int'l edition) TABLE: Mexico's Bottomless Banking Bailout ONLINE ORIGINAL: Bancomer's Guajardo: ``We Need to Have a Vision'' (int'l edition) INTERACT E-Mail to Business Week Online | |||
