Mexico's Finance Ministry is splitting off the trust operations of two banks—CIBanco and Intercam—that were taken over by the government. This comes after U.S. authorities accused them of allegedly laundering money tied to drug trafficking. Essentially, the government is trying to isolate and manage these risky parts separately.

Editor’s Note: Money laundering scandals in banks don’t just hurt reputations—they can force governments to step in and clean up the mess. Mexico’s move signals it’s serious about untangling these banks’ shady dealings, but it also raises questions about how deep the problem goes and whether more fallout is coming. For everyday customers and investors, it’s another reminder that financial crime can have real-world consequences.