Banco do Brasil, the state-owned bank, is in top form and higly profitable. Now, under new management, Brazil’s biggest bank needs to convince the markets that it still means business.
Category: 2003
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Mummies, Swaps and Mortgages
Mexico’s capital markets are flourishing in a low interest rate environment and enlightened regulation as reforms in the 1990s start paying off. There is room for nearly everybody in the market.
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On Top Once Again
After seeing many of the international banks quit Brazil, locally owned banks are firmly back in command of South America’s biggest financial services market.
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Outsmarting a Mean Market
Last year was a tough one for managing Latin American assets, and even the top performers struggled to stay in positive territory. Still, aggressive bets and good bargain-hunting paid off.
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Panic Over, For Now
Sovereign bond investors are relieved that the leftist admnistration of Luiz Inácio Lula da Silva promises to meet its financial obligations while pursuing its social objectives.
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Putting Some Punch Into Policy
Combating Brazil’s extreme poverty and income disparities are among President Lula’s main golas. Last year a group of 17 economists assembled for a serious discussion about what ails Brazil and […]
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Rock Steady
Nicolás Eyzaguirre, Chile’s finance minister, is a gifted amateur musician and a seriously orthodox economist. He also is living proof that a socialist can make free market economics work.
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All CACked Up With Nowhere to Go
Like bankers who only lend money to people who don’t need it, it is hard to see why bondholders are going to be seduced by the new breed of flexible […]
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Sovereign Report
Mexico Issues Bond With Action Clauses In a landmark deal in February, Mexico became the first sovereign to issue a global bond incorporating innovative collective action clauses. These legal agreements […]