Traditionally reliant on neighbour Spain for their customer base, Andorra’s banks have been forced to reassess their strategies in light of the country’s – and the rest of Europe’s – economic malaise. Instead, they are targeting the Latin American market, as well as disillusioned clients of Swiss banks, attracted to a national banking sector renowned for its discretion and stability.
Ecuador's private banks are up in arms about the effects of government intervention on their profits. The country's finance minister, however, rejects such accusations, saying that the relationship between bank and customer was in need of a rebalancing. Writer Rodrigo Amaral in Madrid
Close adherence to international regulatory standards has protected Madrid's financial system from embroilment in the subprime market that has so badly harmed rival centres New York, London and Paris. Yet Spain's flailing economy must be tended to if Madrid is to rise as a dynamic alternative. Writer Rodrigo Amaral