Latin America’s bulge-bracket banks: Staying power

This year’s winners of the Awards for Excellence in Latin America include some surprising names. Not least, perhaps, Goldman Sachs, the region’s best investment bank for advisory.

Goldman has something of a credibility question hanging over it in Latin America. The local banks like to use Goldman as an example to clients (and journalists) of the fickleness of the bulge-bracket firms in the region. The locals over-simplified the waxing and waning of Goldman’s commitment to Latin America, but it was based on sufficient fact to make a point.