The unbridled optimism that characterized last year's selection
process was somewhat more restrained by the time LatinFinance
completed its awards process in late 2011. Problems in Europe
loomed large, and several banks were already making tactical
retreats from the region as they dealt with capitalization
pressures at home.
Meanwhile, broader market uncertainty over a possible global
economic slowdown and the prospects of a worst-case scenario in
Europe left equity, bond and loan markets in the doldrums
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