BankBoston Corp. does not plan to slow its expansion in Latin America despite the current shaky outlook for financial markets in the region, says the bank's president.

"Instability is a way of life in Latin America, and we have weathered crises much worse than this one," said Henrique de Campos Meirelles, BankBoston's president and chief operating officer.

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.