MEXICO CITY – Mexico’s second-largest bank Grupo Financiero Banorte has laid off some 500 employees from recently acquired Grupo Financiero Interacciones, or about half of the specialist government lender’s workforce, with more job cuts to come, two people with knowledge of the matter said. Banorte (GFNORTEO.MX) recently closed the $1.4 billion half-cash, half-stock deal to […]

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