In the darkest days of the Third World debts crisis, Citicorp and other big banks scrambled to convert billions of dollars of almost worthless loans into equity in newly privatized Latin American companies.
Many of those banks look like geniuses now.
Limited Time Offer
Save $400 off your subscription. Special offer ends April 30, 2017.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In