Local banking systems in vast swathes of the world are in foreign hands. In Latin America, HSBC and BSCH are part-way through expansions that will leave domestic players scratching for profits in a barren middle ground. In central and eastern Europe, Bank Austria Creditanstalt and Raiffesen Zentralbank have been joined by Belgian KBC and others in a battle that has left markets such as Poland and the Czech Republic without a large truly domestic player.
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