The merger of Chile’s Banco de Edwards and Banco de Chile is bound to be good for the banks. But minority shareholders worry that Quiñeco, which controls both institutions, has gotten the better of them.
Category: M&A
A Special Kind of Bank
Venezuela has endured years of tumult, but banco Mercantil has managed to keep growing thanks to strong leadership, well-timed acquisitions and international alliances.
Bancomer Transitions from Mergers to Growth
Bancomer is the largest bank in Mexico in terms of assets and its significant merger process is behind it: Bancomer, Probursa, BBVA Mexico and Promex are now all operating seamlessly […]
In Sickness and In Wealth
As Latin America and the world head toward economic recession, investment bankers gear up for new kinds of offerings. Local mergers, tailor-made products and increased advisory work will shore up bankers’ bottom lines.
Sandy Weill’s Big Bet
Convinced that Mexico offers outsized profits, Citigroup is plowing $12.5 billion into the country, creating its largest bank. Citi’s acquisition of Banamex changes the rules of the game in Mexico’s banking industry.
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 […]
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. […]
In Their Image
The investment banking giant created by the merger of Chase and JP Morgan wants to serve every market sector in Latin America. It got off to a flying start, but it is likely to find the going much tougher for the rest of the year.
A Bad Case of Indigestion
Foreign banks have not had an easy time digesting their Brazilian acquisitions. The record-shattering price Spain’s BSCH paid for Banespa will make its integration the most challenging regional purchase yet.
Bringing Order to Latin Corporations
Hostile bids, strategic realignments and pressures on profits are all elements of Latin American M&A. The region is vulnerable to speculative attacks, but local firms are strengthening their core businesses and putting up defenses.
