How Citigroup stumbled in the Mexican housing market

Just outside the town of Zumpango, about an hour from Mexico City, packs of stray dogs sniff around abandoned homes in a half-empty neighborhood. The Santa Fe housing development, where power outages and flooding are the norm, is a casualty of Mexico’s dysfunctional housing market. Work on the s…

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How Citigroup stumbled in the Mexican housing market

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