Ana Botín is a prominent woman in the banking sector, managing one of the most important global institutions in the world. President Donald Trump has recognized her work in the international financial system. In January, Botín was chosen to speak at a forum with Trump and emphasized the importance of Banco Santander in the United States and its recent foray with the digital bank OpenBank in Mexico.
The president of Banco Santander recently met with the president of Mexico, Claudia Sheinbaum, and the bank's director in Mexico, Felipe García. The meeting was deemed fruitful as the new digital bank was presented, and financing for key projects in Mexico was discussed. Santander views Mexico as a strategic country and is committed in the long term, showing interest in investing and competing in the Mexican banking system.
In another matter, a project will be discussed in the Court that seeks to overturn a conviction against a bank for complying with a provision from the Financial Intelligence Unit (UIF) to block accounts. The case involves the investigation of an individual by the UIF and the order to prevent them from accessing their resources, which led to a lawsuit against the bank. The Court minister proposes to overturn the original ruling and grant relief to the bank, which could set precedents in similar cases.
At the Mexican Banking Association (ABM), the appointment of Emilio Romano, director of Bank of America, is expected as a presidential candidate to succeed Julio Carranza. Despite some dissatisfaction among banking executives regarding the extension of deadlines and the lack of clarity in ABM representation, Romano is expected to be unanimously elected, giving a new boost to the association at a critical time for the banking industry.
Finally, the Mexican Stock Exchange has been included in the S&P Global Sustainability Yearbook 2025, recognizing its commitment to corporate sustainability. The BMV promotes the integration of ESG criteria in companies' operations, seeking to foster sustainability in the Mexican financial market. While the progress made is highlighted, there is still work to be done for more companies to join these sustainable initiatives and improve their environmental and social impact.
