Latin American banks are hoping that by mediating all sorts of online transactions, they can build their customer base and the profits they generate with traditional services.
Category: 2001
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Business & Banking
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 […]
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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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Mexico’s Capital Connection
For 36 years, Raúl Muñoz worked in relative obscurity at the Mexican division of a major U.S. chemical company, rising through the ranks to become president of the subsidiary. Then […]
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One World of Wealth Management
The private bank of 10 years ago is not the private bank of today. In truth, the private bank of two years ago is not the private bank of today. […]
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Rebuilding Internal Confidence
Peru has made considerable progress addressing its severe infrastructure deficit by privatizing telecom, power, and transportation systems. But dreams of becoming a high-tech distribution hub for the Americas remain a fantasy.
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Sovereign Report
Argentina’s Roller Coaster Ride The outlook for Argentina continued its stormy course in April, going from gloomy to optimistic in a matter of days after the country announced a planned […]
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Sun, Sand, Sea and Software
Jamaica wants to become the silicon island of the Caribbean. Tourism has spawned a vibrant services industry and the country hopes today’s call center employees will be tomorrow’s programmers.