Citigroup’s Mammoth Mexican Play Citigroup agreed in mid-May to purchase Mexico’s Grupo Financiero Banamex-Accival, the parent company of Banamex, the country’s second-largest bank, for $12.5 billion. Citigroup’s tender offer for […]
Category: 2001
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Citigroup’s Latin Platform
The purchase of one of Mexico’s most successful banks has transformed Citigroup into the largest private sector financial institution in Latin America with $49 billion assets in the region.
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Ecuador Pushes its Trade Lines to the Brink
The country could soon lose its remaining trade lines if talks with international bankers break down. The banks are down to their last card in a bitter game of poker.
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Leading the Emerging Markets Charge
Victor Menezes, CEO and chairman of Citibank, is overseeing the bank’s expansion in fast-growing regions. He began his Latin American career in the ’80s and knows the region’s perils well.
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MarketWatch
Power Rationing Hits Brazil Rainfall in Brazil in the first months of the year, the rainy season, was much lower than last year. Indeed, rainfall is well below historical levels […]
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Mexico is a Latin American Country
Citigroup’s acquisition of Banamex, Mexico’s second-largest bank, is a historic event. It promises to transform Mexico’s financial system in a way that the purchase of two local banks by BBVA […]
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Overcoming the Currency Deterrent
A Brazilian bond issue that protects investors from currency devaluation – a big problem in the capital-starved Brazilian energy sector – is a strong test case for future project finance deals.
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Preparing for the Worst
Kidnapping has become a growth industry for gangsters and guerillas in Latin America, which is why insuring against ransom payments is also growing exponentially.
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Queens of the Curve
The principal Latin sovereigns are issuing less debt and using greater finesse to manage their yield curves. Can Argentina match the groing talent of Brazil and Mexico?