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 post-summer.
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