The CBPM and its role in shaping the national banking sector
DOI:
https://doi.org/10.55555/IS.24.443Keywords:
insider lending, banking sector, Compañía Bancaria de París y México (CBPM), industry, French investment in MexicoAbstract
Various banking companies were founded in Mexico in the first decade of the 20th century, one was the Compañía Bancaria de París y México (CBPM), established in 1909. The CBPM carried out credit operations with the general public and lent money to governments, but was primarily an instrument that its shareholders used to finance their own companies, in keeping with the practice of insider lending that was common at the time but that led to the development of a biased banking sector that endured well into the 20th century and generated a high level of industrial concentration.References
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