When Brazil signed the last of the big Latin American debt restructuring packages at the end of 1993, U.S. bankers breathed a sigh of relief. After 10 years of negotiations, many moved on to less frenzied pursuits.

Last month, as the Asia crisis reached a boil, the veterans were suddenly back in the fray. They convened in their Manhattan conference rooms to start work on a new multibillion-dollar rescue package-this time for South Korea.

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