Big U.S. Fine for Mexican in Bank Case (tags)
One of the richest and most politically connected buinessmen in Mexico, will pay a $40 million fine to settle charges he violated banking laws when he bought Laredo National Bancshares in Texas, the Federal Reserve Board said today. The fine, one of the largest by the Fed, will be paid to the United States Treasury in installments: $10.75 million immediately and $29.25 million ......