Latin America

Best bank

Santander Central Hispano

Best debt house

JPMorgan

Best M&A house
JPMorgan

Best equities house
UBS

Best in risk management and treasury

JPMorgan

Best in transaction services
Citigroup

Best in cash management
Citigroup

The bond-market bubble of the past few months notwithstanding, the past year has been brutal for Latin America. Latin economies were generally in bad shape a year ago, which at the least meant many banks thought things could only get better. Unfortunately, they didn’t. The corporate and financial sectors across most of the region found themselves in self-preservation mode, waiting for the recovery that always seems just around the corner.