Monthly Archives: March 2017

Has Brazil’s equity rally run out of steam?

Posted on March 16, 2017 by

Is it time to sell Brazil? Yes, according to the Swiss bank that accurately called the strong rally in equity and FX during the past 12 months. Credit Suisse and its Swiss competitor UBS have been eyeing the strong equity … Continue reading →

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UBS spies inflection point for EM banks’ valuations

Posted on March 14, 2017 by

Emerging market (EM) banks could be on the verge of outperformance due to a structural improvement in both COE and the return on that equity, according to new research from UBS. Recent falls in COE – and signs that a … Continue reading →

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Banco do Brasil begins to convince

Posted on March 13, 2017 by

Banco do Brasil’s CEO Paulo Rogerio Caffarelli has expressed confidence that the bank will see a significant recovery in profitability and other financial metrics during the rest of this year, due to a combination of a return to growth for … Continue reading →

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Argentina moves to promote private banking

Posted on March 10, 2017 by

Argentina wants to bring in regulations that will encourage Latin America’s private bankers to register to operate in the country. The country’s securities commission, the CNV, is proposing to create a new financial classification of ‘global investment adviser agent’ (agente … Continue reading →

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Peña presses on as Paraguay outperforms

Posted on March 9, 2017 by

This year Paraguay is marking the 100th anniversary of the birth of one of its most famous writers, Augusto Roa Bastos, who once described his landlocked country as: “An island surrounded by land”. The small Latin American country, with a … Continue reading →

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Santander Brasil focuses on its goals, not the misses

Posted on March 8, 2017 by

Angel Santodomingo, Santander Brasil’s CFO, has had a ringside seat for the latest round of consolidation in the country’s retail banking sector. As HSBC and then Citi put their Brazilian retail operations up for sale, the Spanish-headquartered bank (although it … Continue reading →

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Goldfajn plots a happy ending for Brazil interest rates

Posted on March 7, 2017 by

The new president of Brazil’s central bank has identified the large interest rate spread applied by banks on top of the base rate as an obstacle to economic growth. His plan to increase competition and reduce this ‘spread bancario’ is … Continue reading →

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