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President's State of the Nation report: ‘We’re doing well and we’ll get better’

President Claudia Sheinbaum Pardo delivered her first state of the nation address (informe) on September 1, making history as the first woman to do so in Mexico. Framing her administration’s first 11 months as a period of “nonstop hard work,” Sheinbaum told the nation, “Friends, we are doing well and we will do even better … Rest assured that I will not betray you.”


CIBanco files lawsuit over allegations

Mexico’s CIBanco has filed a lawsuit in the District of Columbia Court against the U.S. Department of the Treasury and its Financial Crimes Enforcement Network (FinCEN) following accusations that it facilitated operations linked to drug trafficking. The lawsuit claims the U.S. government’s decision in June to exclude the Mexican bank from the U.S. financial system amounts to an “institutional death penalty” by preventing the transfer of funds to U.S. financial institutions.