Mexico Seeks Greater Foreign Bank Lending

Mexican President Vicente Fox called on the nation's banks, most controlled by international firms such as Citigroup Inc. and HSBC Holdings Plc, to step up lending to help spur growth in Latin America's largest economy. "Mexico needs banks to take up their role as promoters of sustainable economic growth,'' Fox told a bankers' conference last night in Acalpulco. "Without credit there's no growth, without growth no development.''

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