it revolves around citi's $400 million dollar loss at banamex in a business deal with a mexico oil supply company. general motors appears ready to settle more than 300 claims tied to its defective ignition switches. friday a bankruptcy judge told lawyers for the automaker he welcomes avoiding a "monstrous battle". the new york times reports.. g-m has started preliminary talks to settle claims alleging wrongful death or personal injury. the paper also says a there's a possiblity of a compensation fund for victims. the highly anticipated alibaba ipo could move closer to market this week. re-code reports. the filing for the ipo may happen today or tomorrow. the chinese internet stock could become the world's biggest initial public offiering. one report suggest the ipo value could top $20 billion dollar. alibaba's business model is similar to amazon. the stock to watch now is yahoo which is trending higher. .. yahoo has a 24% stake in alibaba. volatility in the stock market is putting pressure on ipo-s. on friday business development company ares management opened below its range. shares fell

fine invoices to pentax that were then used as collateral for loans from banamex along with many other banks in mexico now according to the wall street journal signs of trouble with bene max's oceanography account appeared in february when bank executives learned that the mexican government had stripped oceanography of any further contracts from pemex for nearly two whole years now the reason for doing this was because oceanography have failed to post adequate financial guarantee in the event that they can feel their obligations now this cut off the company's main source of revenue which obviously been a worry and some top benefits of officials that they wouldn't be getting their money back and they were right to be worried now banamex as people requested a meeting with his people in order to get a sense of the banks exposure to a sheet over fia and stacks of invoices were supposed to reassure a better mix that had plenty of money coming in but when the benefits the executives traveled to pemex his headquarters in mexico city they learned that many of the two hundred seventeen pieces o

of officials that they wouldn't be getting their money back and they were right to be worried now banamex as people requested a meeting with nexus people in order to get a sense of the banks exposure to a sheet over fia and staff. acts of invoices were supposed to reassure about an ex that had plenty of money coming in but when the benefits executives travelled to pemex his headquarters in mexico city they learned that many of the two hundred seventeen pieces of paper that they love to the meaning in big old boxes were parent forgeries with fake signatures that kind of stinks now the second twenty times citi group was looking to boost its lending in mexico specifically in the oil and gas sector. mathematics banker he laid out more addicts accommodating terms for oceanography in terms of the deal but rather than demanding invoices as proof of payment the new model called for banamex to accept work orders and not to bother corroborating the information with becks now the big question in all of this is why would city these so stupid to not look into this a little bit deeper other banks in me

terms of the deal but rather than demanding invoices as proof of payment the new model called for banamex to accept work orders and not to bother corroborating the information with them next now the big question in all of this is why would a city be so stupid to not look into this a little bit deeper other banks in mexico were pulling back on their loans to ocean over fia just to cities started throwing money at them talk about your wrist management being asleep at the wheel now what you're doing business in mexico mexico for christ sakes it's really lost on you that it's a pretty corrupt place it's not like you decided to increase your exposure to oil and gas in denmark. character has some serious problems but is there room for opportunity well it kind of depends on who you are and we asked both alex daly and kate long and learned that they do not agree on that country's financial situation now alex takes it as the glass half full that's his approach and he says that for the savvy investor puerto rico also has some serious advantages alex's senior editor of casey's extraordinary technolo