Banks don't want to sell properties because of growth
05/26/08 14:38
When banks refuse to sell their properties in your country despite the fact that are desperately needing to raise capital, it only means that your country's economy is booming and so attractive that banks will regret ever selling their properties.
This is the current situation in Brazil now. Global banking firms refuse to sell their Brazilian assets despite the need to recover losses from subprime debts because of its speedy growth in recent years. Potentials in Brazil are great and these big boys will remain in the country in the foreseeable future.
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