An old, yet really great summary by Paul Christopher Webster of Canada’s increasingly important economic and political relationship with Colombia.
This is from the Globe and Mail’s business section, and was originally published here.
“Paul Christopher Webster
Special to The Globe and Mail
Published Thursday, Apr. 26 2012, 2:59 PM EDT
Last updated Thursday, Sep. 06 2012, 12:51 PM EDT
It was just after daybreak on a hazy January morning in Bogota and the 300 bankers were bleary. Summoned at dawn to the auditorium at the foot of their 50-storey office tower, most of them had guessed that their employer—Eduardo Pacheco, owner of Banco Colpatria—was about to confirm the closing of a deal. And no small deal. Canada’s Scotiabank, they understood, was taking a controlling stake in Colpatria. But how did this explain the monstrous transgression against bankers’ hours? Was this really the right time and place for a lesson in Canadian banking history stretching all the way back to the 19th-century rum trade?
Rick Waugh, Scotiabank’s CEO, seemed to…
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