
Banks close down in Oaxaca due to unrest
Bnamericas Published: Tuesday, October 31, 2006
Banks in the capital and some municipalities of Mexico's Oaxaca state have closed down due to the current unrest, Mexican banking association ABM said in a statement. Striking teachers and activists are demanding that state governor Ulises Ruiz be sacked for abuse of power. Mexico's lawmakers have urged Ruiz to step down but he has refused and the capital has seen violent clashes between riot police and protesters. ABM said member banks could no longer guarantee the safety of customers and employees. Banks will seek to continue offering banking services through ATMs, the internet and phone, the statement said. ABM said banks will only consider reopening if the complete safety is restored.
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Political Risk & Macro (Mexico)
EU eyes Latin American minerals to offset China's dominance
Regulatory uncertainties in Chile, Bolivia and Mexico mean that by 2030 about 63% of global lithium supply will come from hard rock and not brines,...

Spotlight: The progress at 2 Mexico-US border projects
BNamericas looks at two key projects that have seen recent progress.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Sewerage system and water treatment of the city of Puerto Maldonado (Puerto Maldonado WWTP)
- Current stage:
- Updated:
3 days ago
- Project: Cordero (Phase 1)
- Current stage:
- Updated:
2 days ago
- Project: Pacific Substation
- Current stage:
- Updated:
3 days ago
- Project: Panuco - Copala
- Current stage:
- Updated:
2 days ago
- Project: Ventos de Santa Tereza 11 wind farm (Cajuína Complex)
- Current stage:
- Updated:
3 days ago
- Project: Tineo substation - Nueva Ancud substation transmission system
- Current stage:
- Updated:
3 days ago
- Project: Ariana
- Current stage:
- Updated:
2 days ago
- Project: Tata Inti solar park (ex Almonte)
- Current stage:
- Updated:
3 days ago
- Project: Ventos de Santa Tereza 09 wind farm (Cajuína Complex)
- Current stage:
- Updated:
3 days ago
- Project: Ventos de Santa Tereza 10 wind farm (Cajuína Complex)
- Current stage:
- Updated:
3 days ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Grupo Neoenergia S.A.  (Neoenergia)
-
Neoenergia S.A. is a Brazilian sub-holding company, controlled by Spain's Iberdrola Energía, which owns power distribution, generation, transmission and marketing assets in the ...
- Company: Mineração Serra Verde Ltda.  (SVPM)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Seguros de Vida Suramericana S.A. Colombia  (Seguros SURA Colombia)
-
Seguros de Vida Suramericana S.A. is a Colombian insurance company, part of the investment multinational Grupo de Inversiones Suramericana S.A. (Grupo Sura). The firm offers ind...
- Company: Seguros del Estado S.A.  (Seguros del Estado)
-
Seguros del Estado S.A. is one of Colombia's biggest general insurers in terms of premiums. Founded in 1956, the Bogotá-based company is present in 22 cities and has 35 offices ...
- Company: Knight Piésold Consulting S.A. de C.V.  (Knight Piésold México)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Instituto Nacional de Seguros  (INS)
-
Instituto Nacional de Seguros (INS) is a state-owned entity, focused on provide products and services related to the insurance market, using commercialization channels such as d...
- Company: Ilustre Municipalidad de Ancud
- Company: Mercantil, C.A., Banco Universal  (Banco Mercantil Universal)
-
Mercantil Banco Universal is a full-service bank founded in 1925 and headquartered in Caracas, Venezuela. It offers a comprehensive range of banking and financial products and s...