One of the consequences of Citi’s withdrawal from local banking markets in Latin America is that the US bank is especially sensitive to any potential loss of market share in corporate debt financing in the affected countries.
Chief executives tell Euromoney that Citi – always a force to be reckoned with throughout Latin America – has been particularly competitive in winning mandates in the past year.
Debt capital markets league tables never tell the whole story, of course, but this year it feels like Citi really needed to claim first spot.
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