How Santander bought its way into Brazil

05/16/2010 | Economist (free content), The

It's getting harder for banks to find a foothold in foreign markets -- but in Brazil, Santander seems to have found a workable strategy. It has spent big bucks over a period of many years to buy up local assets, preferring a big bite of the Brazilian banking sector to a smaller share of multiple markets. That has helped the company steer clear of regulators who fear that foreign banks that spread themselves too thin risk destabilizing local economies.

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Economist (free content), The

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