Inbursa

As part of the deal with Inbursa, La Caixa will also use the Mexican bank as a vehicle for expansion in the U.S. and the rest of Latin America.

Dealing With an Ailing Sector Christopher Bjork 2011

As part of the deal, La Caixa is helping Inbursa develop a retail-branch network in Mexico, leading to the opening of 250 bank branches in key cities.

Dealing With an Ailing Sector Christopher Bjork 2011

The property fell into foreclosure in this year, and was taken over by Carlos Slim's Banco Inbursa, the primary lender.

It Isn't Easy Being 2010

Its most significant foreign acquisition to date was the $2.4 billion purchase in 2008 of a 20% stake in Mexico's Grupo Financiero Inbursa, a bank controlled by billionaire Carlos Slim .

Dealing With an Ailing Sector Christopher Bjork 2011

Instead, J.P. Morgan undertook efforts to sell 90% of the loan to Inbursa.

Judge Bars J.P. Morgan Executives From Mexican Deal 2010

Unable to syndicate the loan to a group of European financial institutions, J.P. Morgan began discussions with the Mr. Slim-controlled Banco Inbursa, to "assign" the loan's obligations and much of its returns to Inbursa.

Rakoff Slams J.P. Morgan Over Loan Michael Corkery 2010

Separately, J.P. Morgan agreed to repurchase 90% of the loan from Inbursa.

Judge Bars J.P. Morgan Executives From Mexican Deal 2010

An Inbursa spokesman didn't answer a request for comment.

Rakoff Slams J.P. Morgan Over Loan Michael Corkery 2010

J.P. Morgan has said previously in court papers that it acted in good faith and that the participation agreement would have narrowly limited the disclosures required to Inbursa.

Judge Bars J.P. Morgan Executives From Mexican Deal 2010

Televisa objected to the sale of the loan, saying it believed the sale to Inbursa would be inappropriate and "could cause serious harm to o ur business and our competitive position."

Judge Bars J.P. Morgan Executives From Mexican Deal 2010