Banco de Londres y México
Banco de Londres y México
Banco de Londres y México, originally (1863) the London Bank of Mexico and South America. It first had two branches, one in Mexico City and one in Lima, but in the late nineteenth century both became domestic banking institutions—the Banco de Londres y México in 1889 and the Banco del Perú y Londres in 1897—with a combination of local and European shareholders. The Banco de Londres y México, as it was known from the 1860s, introduced modern banking practices in various Mexican cities, although it was surpassed in importance by the Banco Nacional de México (1884), against which it struggled for preeminence until the outbreak of the Mexican Revolution in 1910. In the 1930s and 1940s the Banco de Londres regained some of the business it had lost due to the revolution and subsequent civil war. It was absorbed by the SERFIN financial group of Monterrey in 1977 and today continues its activities under that name.
See alsoBanking: Since 1990 .
BIBLIOGRAPHY
David M. Joslin, A Century of Banking in Latin America (1963); 100 años de banca en México: Primer centenario del Banco de Londres y México, S.A. (1864–1964) (1964).
Additional Bibliography
Maurer, Noel. The Power and the Money: The Mexican Financial System, 1876–1932. Stanford: Stanford University Press, 2002.
Carlos Marichal