The bank says its problems with Banco Confía, an ailing Mexican retail bank it bought in 1998, are close to an end. Senior Citibankers say the bank is at last ready to start growing in Mexico.
Category: 2001
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Cleaning Up Its Fiscal Act
Panama quickly responded to an international blacklisting by passing new bank laws that prove its commitment to get tough on money launderers and their crimes.
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Let the Vendor Beware
As growth in the Latin American telecoms industry exploded, deep-pocketed equipment vendors used financing deals to beat the competition. But this successful marketing tool could be turning into a balance sheet disaster.
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Looking Locally for Investors
Never before has a Latin sovereign issued debt denominated in another Latin American currency. Uruguay’s highly successful Chilean-peso bond gave it a new investor base and put the region?s local capital markets in the spotlight.
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Managing Nature with Market Means
The deregulation and privatization of Latin America’s energy industry should spark the use of financial tools such as weather derivatives to hedge against weather-related risk.
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MarketWatch
Latin Loans Still Slack Bank lending to Latin America has never recovered from the debt crises of the 1980s, when negotiators repackaged defaulted sovereign loans as Brady bonds and gave […]
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Panama Holds Its Own
Panama’s economy didn’t take the nosedive many feared it would when the US military departed just over a year ago. Instead, the country has taken advantage of the existing infrastructure to fuel economic growth in the shipping, tourism and construction sectors.
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People (1)
Brazil is once again firmly established as one of the world?s favorite markets, both for bond investors who snap up its paper and for industrial companies that continue to pour […]
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Regulating the Banks
Panama’s Superintendency of Banks is helping the country’s banking system adopt and follow an internationally accepted regulatory framework.