Puerto Rico's dependence on the US meant that the subprime crisis hit its banking sector particularly hard. A period of consolidation is now expected, but who the winners will be - the big domestic players or foreign-owned entities - remains to be seen. Writer Jane Monahan in Puerto Rico
World
Latest articles from World
Hidden strengths propel growth
December 30, 2009Despite Malaysia's reticence in establishing itself as a globally recognised financial centre, it is now moving forward fast. Bank Negara Malaysia governor Dr Zeti Akhtar Aziz discusses the role of Islamic finance products in the country's push. Writer Silvia Pavoni
The big four banks look outside Australia for growth
December 30, 2009Having sidestepped the worst of the global financial crisis, the dominance of Australia's big four banks in the domestic market means that further major expansion is likely to happen elsewhere, particularly in Asia. Writer Elton Cane
Naftogaz prises open financial pipeline
December 30, 2009The successful debt restructuring by Ukraine's gas importer has eased short-term difficulties and offered hope for better government and corporate financial management in the future. However, the country's track record of disappointment in such matters still hangs heavy. Writer Philip Alexander
Ali Babacan
December 30, 2009Ali Babacan, finance minister and deputy prime minister of Turkey
Turkey's finance minister and deputy prime minister explains how the Turkish banking system survived the financial crisis relatively unscathed and outlines the country's economic policy for 2010 and beyond.
The participation principle
December 30, 2009Yunus Nacar, CEO of Türkiye Finans
Turkey's Islamic participation banks are becoming more ambitious, but are still looking for a model that competes more effectively with the conventional market. Writer James Gavin
Irish government hopes its bad bank will work
December 30, 2009The Irish government has opted for a 'bad bank' to save the nation's finances by buying up bad loans. With some experts unconvinced this was the best solution, only time will tell if the gamble pays off. Writer Philippa Maister
The differing strategies of Germany's private banks
December 30, 2009Deutsche Bank's planned takeover of Sal Oppenheim will leave the German private banking sector dominated by two key players. However, Deutsche and Commerzbank are pursuing very different strategies. Writer Michael Marray
Finance Minister of the Year 2010 - Global and Asia-Pacific
December 30, 2009Strong nerves and creative strategies have characterised the best-performing finance ministers over the past 12 months. Here The Banker recognises those whose will and skill have proved outstanding at tackling the immediate effects of the slump while positioning their countries for future growth.
Central Bank Governor of the Year 2010 - Global & Latin America
December 30, 2009The Banker toasts the talents of the world's top central bank governors whose leadership has been at the forefront of the battle to contain the global financial crisis.
