Banks of the Year 2012: Rates of change
Nov 1, 2012
Latin banks have come a long way – and today, the contrast with Western lenders could hardly be more stark
More than five years since the onset of the financial crisis and the global banking industry remains a pale shadow of its former self. News at the end of October that Swiss bank UBS was to shed 10,000 jobs underscored just how much has changed – and what is yet to come.
Yet while Western lenders struggle with the legacy of the crisis and effects of a tightening regulatory screw, the picture in the western hemisphere could hardly be more different.
For countries in Latin...
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