Bamks Mexico

A joint venture by Mexico's two biggest banks to combine operational tasks like managing cash machines has inevitably raised the specter of a banking mega merger to match the sweeping global trend. But many analysts--though by no means all--said a full-blown alliance between Grupo Fianaciero Bancomer and Banamex-Accival (Banacci) would face insurmountable political obstacles because between them, they would control nearly half the deposits in Mexico.

A joint venture by Mexico's two biggest banks to combine operational tasks like managing cash machines has inevitably raised the specter of a banking mega merger to match the sweeping global trend. But many analysts--though by no means all--said a full-blown alliance between Grupo Fianaciero Bancomer and Banamex-Accival (Banacci) would face insurmountable political obstacles because between them, they would control nearly half the deposits in Mexico.