Tag Archives: economy

Will Argentina take all of its bitter medicine?

Posted on November 6, 2018 by

Argentina’s central bank says it knows it needs to restore credibility, but if the recession persists and with elections next year, could the BCRA use the embedded flexibility in the IMF’s  new monetary system to – again – ease too soon? Gradualism … Continue reading →

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Argentina leaves markets worried about ability to grow

Posted on March 28, 2018 by

“It’s like chemotherapy. If you have it all at once, you are going to kill the patient. You need to find a dose that won’t kill the patient.” The patient being discussed by a senior capital markets banker in New … Continue reading →

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Euromoney’s review of global banks: Itau

Posted on January 12, 2018 by

The optimal way to drive through a sharp turn in the road is to slow down before you reach it, before accelerating out from the mid-point of the curve. In much the same way, Itaú Unibanco has steered its way … Continue reading →

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Euromoney’s review of global banks: Bradesco

Posted on January 11, 2018 by

This was the year that Bradesco absorbed HSBC’s Brazilian bank. The deal, valued at R$16 billion ($4.8 billion), added five million current account clients, around 22,000 employees, 851 branches and 448 ‘mini-branches’. However, the bank said it wanted to retain … Continue reading →

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Argentina’s delicate balancing

Posted on October 2, 2017 by

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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Brazil’s XP chooses a road often travelled: selling to Itaú

Posted on May 17, 2017 by

Brazilian brokerage firm XP Holding Investimentos has pulled its IPO in favour of selling a large minority stake to Itaú. The announcement came just days after XP had filed for an IPO that was expected to raise between $1.5 billion … Continue reading →

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NPLs point to credit quality recovery in Brazil

Posted on May 16, 2017 by

The Q1 2017 results of the Brazilian banks might mark the beginning of an inflection point for the country’s credit performance, according to Fitch Ratings. The rating agency believes that the signs of stabilization of the banks’ non-performing loans (NPLs) … Continue reading →

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