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Off the record

“These are proprietary numbers and we don’t want to share them widely..."

A banker’s offhand insult about his views of Euromoney’s circulation trump his helpfulness in going on to tell us those numbers
“The good thing for [Brazilian private bank] clients is that they get paid very well for doing nothing. The bad news is for us – we can’t charge for that”

A banker explains why the industry lobbied the government to end lucrative tax breaks for high net-worth individuals

“Oh, we fired him!”

On more than one occasion this month a question about the reason for the departure of a senior LatAm banker prompts some refreshing honesty from ex-colleagues

“It was a nightmare trying to organize meetings in December – we never knew if our banker would still be around to do it”

A PR at one large Brazilian bank also offers a revealing perspective on job losses

“I’m not convinced that voters have fully focused on the most important issues. Do Catalans realize that if they establish an independent country, that would take Barcelona FC out of La Liga?” 

As political risk rises in Spain with the emergence of a new separatist Catalan president, this Spanish economist concentrates on the fundamentals

“The bid/offer spread is so wide you could drive a bus through it. There are no real-money investors to stabilize prices. Sizes in bonds offered that used to be normal are now considered too large and tend to spook the market. Discretion is the name of the game when you trade, and liquidity is weak. There is no clarity or educated guess about a turn-around moment”

A trader’s view on the global emerging market sell-off

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