Private banking 2008: When the ultra-wealthy bump into the sub-prime
More information on the Private banking survey
IT HAS BEEN a bumper year for private banks in Latin America. According to the Euromoney 2008 private banking poll, net incomes for private banks increased in Brazil by 29.3%, in Mexico 19.5%, in Argentina 18% and in Chile 11%. The four countries remain the largest markets for wealth managers in the region, and the battle between the domestic and global private banks there is increasing.
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