Reported about 9 hours ago
Mexican real estate trusts Terrafina and Fibra Inn announced the removal of CIBanco as their trustee after U.S. sanctions linked to money laundering allegations prompted Mexican authorities to take over the bank's management. The U.S. Treasury imposed restrictions on CIBanco and two other financial institutions, all three of which deny wrongdoing. Despite these developments, Terrafina indicated no expected adverse impact from this decision.
Source: YAHOO