Monthly Archives: December 2015

BTG fights for survival

The arrest of former BTG Pactual CEO, André Esteves, has finally extended the Brazilian corruption investigation, Lavo Jato, to the country’s financial industry. The fall-out for Brazil’s largest investment bank has been swift and severe, and its new management team … Continue reading

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Deutsche retreats from Latin America

Deutsche Bank’s decision to withdraw from five Latin American countries and redefine its role in Brazil, which will become its only regional office, is further illustration of the strategic difficulties facing international banks. Deutsche is leaving Argentina, Chile, Mexico, Peru … Continue reading

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Infrastructure lessons from Colombia

Road-building is a classic tool to boost a flagging economy. But as Luis Fernando Andrade, president of Colombia’s national infrastructure agency, tells it, it isn’t plain sailing. Colombia began working on its so-called 4G toll-road project in late 2011. With … Continue reading

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BNDES – extrication impossible

With a struggling economy, Brazil will continue to rely heavily on its state development bank to provide long-term finance for crucial infrastructure projects, unless private-sector alternatives can be found. Brazil’s state development bank, BNDES, has strongly denied market rumours about … Continue reading

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