Date: February 12, 2011 10:21PM
Why do you guys keep tying this bank to the morg? Other than it's roots, there's virtually no significant relationship anymore. FRM, Wells Fargo and Vanguard are the largest shareholders. It's a non-issue.
Secondly, virtually every major bank in the US has been fined for non-SAR reporting in Mexico. Again, a non-issue. Exchange houses in Mexico are common entities and, until recently, banks haven't been filing the requisite Suspicious Activities Reports. Now they will. Union Bank, Wells Fargo, Wachovia, Citibank, US Bank... all have been fined.