August - HSBC challenges Citi on Mexican remittances


Following its acquisitions of US consumer finance group Household International and top-five Mexican bank Bital, HSBC said it was well placed to service Mexican workers in the US sending money home -- said to be a major contributor to Citigroup’s forex income.

HSBC’s chief executive Stephen Green reckoned HSBC could secure about 10% of the total market share of the US-to-Mexico remittance flow. "10% is our share of the Mexican consumer market," he said. "That’s something to shoot for."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: