BankAmerica Corp. will expand its corporate banking activities in Latin America as the Western Hemisphere moves toward a single free trade zone over the next several years, said a senior-level bank executive.

"There is a very strong movement toward reform and integration across Latin America," said Federico Sacasa, the bank's newly named group executive vice president in charge of the region. "We believe that common rules and regulatory environments will be good for the region, and we plan to broaden our penetration of the Latin American market."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.