Advertisement
YOU ARE HERE: LAT HomeCollectionsSouthern California Foreign Investments Mexico
IN THE NEWS

Southern California Foreign Investments Mexico

FEATURED ARTICLES
BUSINESS
February 11, 1998 | JAMES FLANIGAN
Salvador Villar came to Southern California from Mexico in 1981 to head the U.S. ventures of Banco Nacional de Mexico, or Banamex, which was confidently expanding at a time when Mexico was flush with oil wealth. Then the bottom dropped out. Oil prices fell, Mexico went into a severe downturn, banks were nationalized. But Villar stayed north of the border, running Los Angeles' California Commerce Bank as a Banamex subsidiary.
ARTICLES BY DATE
BUSINESS
February 11, 1998 | JAMES FLANIGAN
Salvador Villar came to Southern California from Mexico in 1981 to head the U.S. ventures of Banco Nacional de Mexico, or Banamex, which was confidently expanding at a time when Mexico was flush with oil wealth. Then the bottom dropped out. Oil prices fell, Mexico went into a severe downturn, banks were nationalized. But Villar stayed north of the border, running Los Angeles' California Commerce Bank as a Banamex subsidiary.
Los Angeles Times Articles
|