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news El Sudcaliforniano 2026-05-25

Banorte Fights Regulator's Sanction Over Rappi Deal

Mexican bank Banorte plans to challenge a sanction from the National Banking and Securities Commission (CNA) regarding its concentration with Rappi. The financial institution stated that the sanction cannot be enforced yet, as a legal challenge could prolong the judicial process for 18 to 24 months.

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