Tag Archives: finance

Will Argentina take all of its bitter medicine?

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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Euromoney’s review of global banks: Itau

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

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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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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Consolidation starting in Argentina as Macro targets Patagonia

Banco Macro has signalled its serious intent to buy Banco Patagonia by proposing an equity sale of up to $750 million to finance the acquisition. According to a regulatory filing made last week, Macro’s board will seek authorization for the … Continue reading

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Banco do Brasil begins to convince

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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Peña presses on as Paraguay outperforms

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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