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Reuters

Reuters

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World

Mexican lender Banorte to scrap unprofitable digital bank

Reuters
Summary
Nutrition label

81% Informative

Banorte will either sell or fuse year-old fintech Bineo, part of a larger overhaul of the bank's digital strategy.

CEO Marcos Ramirez says a decision should be made this year .

Bino lost 289 million pesos ( $14.12 million ) in the first quarter .

VR Score

92

Informative language

97

Neutral language

92

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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