U.S. banks with international aspirations are exploring expansion opportunities in developing countries. They are doing so because of the slow growth and thin spreads found in most of the developed world.
While researching these opportunities, they are encountering challenges not often found when investigating more developed markets. Overcoming these hurdles requires the use of teams with both U.S. and local members. Such joint teams pose their own hazards, which must be recognized and actively dealt with if developing country opportunities are to be assessed successfully.