European Banks Seen Holding on to LatAm Assets...for Now

Sep 10, 2012

With several sales of LatAm assets by European banks already completed this year, and partial equity flotations planned, core LatAm banking assets are still unlikely to go on the block. This was the thinking of investors and other market watchers even before last week's announcements of European bond buyback plans lifted markets. “European banks have so far avoided selling the crown jewels. My sense is that we are seeing the light at the end...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management