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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