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Banking / Perspectives

Scotiabank goes for more

Carlos González-Taboada

CEO


Scotiabank has been an active player in the Peruvian banking system in the past few years. In 2006, through a combination of transactions, the Canadian group formed Peru's third largest bank - Scotiabank Perú - and last year it bought Banco del Trabajo, a small-sized bank specialized in consumer and micro loans. The group, which now handles US$5.2bn in loans and 2.2mn clients through its banking unit Scotiabank Perú and consumer focused lender CrediScotia Financiera, plans to enter new seg

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"We are very interested in expanding into Colombia right now"


Félix Villamil

President
Evertec

October 30, 2009

se have not been easy times for Popular, the parent company of Puerto Rico's largest bank. The losses recorded during recent quarters have provoked a series of changes, restructuring and asset sales in Popular, which has concentrated on Puerto Rico and more No permission

"If we're successful, there will be more liquidity on the markets, which will be good for local capital market development as well as the involvement of these markets in international markets"


Teresa Barger

CEO and co-founder
Cartica Management

October 23, 2009

based asset manager Cartica Management this month started a global emerging markets corporate governance fund and has set its sights on Latin America. The fund is starting with US$200mn, and counts with investment from CalPERS, the largest public pension more No permission

Weekly Wrap|Perspectives

Published: Friday, November 06, 2009

It's been a week of results, but one story on the regulatory side stuck out: the dismissal of Derick Latibeaudiere as the head of Bank of Jamaica (BOJ).

S&P acted quickly and downgraded the country's long-term foreign and domestic currency ratings on news of the shift at BOJ, noting the uncertainty generated by the move and Latibeaudiere's key role in Jamaica's negotiations with the IMF.

It also trickled down to the country's largest bank, National Commercial Bank Jamaica (NCBJ), with its ratings being lowered on the dual-threat that the government's debt weakness poses: first, as a major holder of that debt, and also because of the lower likelihood of government protection, as the country's debt becomes riskier.

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Coming Up

  • November  06, 2009

    Banco ABC Brasil to file third quarter results. - Brazil

  • November  06, 2009

    The central bank to close its process for selecting as many as six financial institutions to manage up to US$6bn in foreign reserves. - Brazil

  • November  09, 2009

    State bank BancoEstado to announce the winners of its annual Mohammad Yunus entrepreneur award. - Chile

  • November  09, 2009

    Itaúsa, the parent company of local bank Itaú, has until November 9 to buy back 58mn ordinary and 192mn preferred shares through its brokerage business, Itaú Corretora. - Brazil

  • November  09, 2009

    Bancolombia to post consolidated third quarter results. - Colombia