Category Archives: Blog

Environment: In defence of economic ideology

Many Euromoney readers were alive in more ideological times. They will remember the collapse of the socialist command economy model and the fall of the Berlin wall. They will also remember Margaret Thatcher’s aggressive application of liberal economic forces and … Continue reading

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Argentina’s delicate balancing

President Mauricio Macri’s economic inheritance was toxic; his policy of gradual fiscal realignment looks like it will lead to success in this year’s crucial mid-term elections, but the country desperately needs investment to maintain the transition. Let me answer in … Continue reading

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BBVA tempted to sell its Chilean retail bank

BBVA’s decision to open talks about selling its Chilean retail bank to Scotiabank could lead to a notable retrenchment of its Latin American operations. BBVA has a large presence in Latin America, with significant banks in Argentina, Colombia, Mexico, Peru … Continue reading

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Costa Rica’s ambitious commitment to reducing carbon emissions places it at the forefront of the fight against climate change. But its politicians worry that, with financial aid being focused elsewhere, it could effectively be punished for its early adopter status. … Continue reading

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Brazil’s banks face paradox of worsening asset quality in a deleveraging corporate sector

Brazil’s banks are facing an apparent paradox: the level of corporate leverage has improved markedly in the past year while delinquency levels have risen and non-performing loan (NPL) formation remains at high levels. These are the main findings of a … Continue reading

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Brazilian government to press ahead with reform of TJLP

The Brazilian government is resisting pressure to reconsider its proposal to change how BNDES, the state development bank, charges interest rates to lenders. The government has written a bill that will phase out the current long-term TJLP rate – which … Continue reading

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UBS rebuilds in Brazil with acquisition of Consenso

The acquisition by UBS of a majority stake in Consenso, Brazil’s largest multi-family office, is a significant step in the Swiss bank’s growth strategy in the country. Since 2010, UBS has been plotting its return in Brazil, following its sale … Continue reading

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