November 8, 2018 / 4:45 PM / 10 days ago

Mexico ruling party mulls banking restrictions; stocks tumble

MEXICO CITY, Nov 8 (Reuters) - A senior Mexican senator from the president-elect’s party is slated to present a bill on Thursday that would prohibit or curb banks from charging commissions for certain services, according to a proposal published on the Senate’s website.

Mexico’s S&P/BMV IPC index was down more than 2 percent, with banking stocks pummeled. Banorte, one of Mexico’s biggest banks, shed 7.65 percent. (Reporting by Daina Beth Solomon; Editing by Bernard Orr)

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