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Headline: Mergers cut risks Source: Euromoney Date: September 2001 Author: Celina Vansetti The largest banks in Latin America are in its largest economies, Mexico, Brazil and Argentina. Consolidation has created large conglomerates through in-market mergers and acquisition of local franchises by international powerhouses. By Celina Vansetti, data from Moody’s Investors Service Consolidation, which has been most active in the three largest Latin economies, has helped reduce systemic risk because of massive capitalization and improvement in asset quality. Brazilian banking has experienced a fast growth of foreign participation over the past five years. |
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