Bancomext, the Mexican government’s export-import bank, set a new benchmark in November when it issued the first peso issue that can be traded by international investors.
Category: 2002
Posted inMagazine
Going Wrong, Getting Out
Losses, plunging currencies and rating downgrades have
sparked an exodus by international banks from Latin America. Local banks are going on a spending spree.
Posted inMagazine
IFC Answers the SOS
The World Bank’s International Finance Corporation has
come to the rescue of top-tier Latin American companies strapped for cash as a result of external events.
Posted inMagazine
Itaú Gains Two Kinds of Capital
By buying local competitor BBA Creditanstalt, Brazil’s
second-largest private sector bank substantially grows its assets
and gains the talent inside a well-run wholesale
franchise.
Posted inMagazine
Keeping the Faith
The international financial markets have warmed to
Brazilian President-elect Lula’s statement-like pronouncements. But he must impose unpopular austerity measures to keep investors satisfied.
Posted inMagazine
Making Markets Work
Trinidad and Tobago?s embryonic capital markets could
get a much-needed boost, now that the country?s 11-month political stalemate is over.
Posted inMagazine
Technology Takes Hold
Nearly every aspect of banking in Latin America utilizes automated tools to work better, faster and more cheaply.
Banks in the region, both large and small, continue to install the best technology available to remain competitive.
Posted inMagazine
The Debt Crisis Debate
The Argentine government’s debt default, followed by
trouble in other deeply indebted countries, has made the debate over how to handle sovereign debt crises one of the most important topics in the world capital markets. Arnold & Porter’s Whitney Debevoise describes how the official sector, investors have positioned themselves on the statutory and contractual approaches. In the end, both will require adjustments.