In Nigeria, ousted central bank governor Lamido Sanusi is under scrutiny. However, on an international level, it is the government that should be worrying about its reputation.
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The Brazilian metropolis of São Paulo attracted the most FDI into its financial sector in Latin American and Caribbean cities in 2013, while Caracas in Venezuela was the surprise leader in the outflows table.
There is an optimistic feeling among the CEOs of Spain's leading banks, as profits and domestic conditions improve. With the European Central Bank's imminent asset quality review expected to be passed with flying colours, the country's lenders are now looking beyond survival and towards growth, both domestically and internationally.
Lower growth in Latin America and a lack of reforms in areas such as education, infrastructure and taxation are not inviting propositions, but the region still shows some areas of great promise in 2014.
The tapering of the US Federal reserve's quantitative easing programme and a higher interest rates environment are mopping up liquidity from emerging markets, separating the top-in-class from the current-account-bingers. How does Latin America fare?
With the fastest growing economy in Latin America and the lowest rate of inflation, Colombia has a lot going for it. But foreign banks looking to enter the market are finding that opportunities are rare and competition is intense.
If the early 2000s were all about the emerging economies of Brazil, Russia, India and China, now attention is shifting to the up-and-coming countries of Mexico, Indonesia, Nigeria and Turkey – the MINTs. And with rapid economic growth predicted, retail banks in these countries will be under enormous pressure to keep up.
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