No matter the outcome of October’s elections, Venezuela’s next leader will face growing pressure for private capital to boost the oil sector
Author Archives: LatinFinance
Posted inMagazine
Asset Backed Insecurity
One of the most celebrated cross-border structured transactions to be placed in LatAm in the past five years – a $250 million 9.625% 2013 bond backed by luxury resort properties from Cap Cana – has become a red flag for the asset class. The nosedive to a low 20s secondary price highlights how fast a deal that appears solid in good times can unravel when the environment changes.
Posted inMagazine
Brazil Banks Tighten Belts
Despite a recent IPO and debt bonanza, Brazil’s mid-market banks are under tremendous pressure as funding sources evaporate. Low growth and forced consolidation lie ahead.
Posted inMagazine
Tempest-Tossed
Citi’s global meltdown strains its commitment to LatAm, and crown jewel Banamex might have to be sold. Nonetheless, the bank’s regional head staunchly defends his turf.
Posted inMagazine
COVER STORY: Back to the Future
Long seen as a conservative bank, Bradesco has rebuffed critics with an impressive run for the top. Bold acquisitions and quick decision-making contribute to its success.
Posted inMagazine
COMMENT: Into the Vortex
Is your money safe, or is it in a bank? The bad joke doing the rounds in the US says as much about the financial cataclysm – laugh, or you will cry –as it does about how risk globally is being radically reassessed.
Posted inMagazine
Vale Losing Iron Grip
Vale’s monopoly on Brazilian iron ore supplies is coming to an end as new projects come on stream. Marginal ventures may be caught in the crosshairs of a market downturn.