A mandate to advise BBVA on a possible divestment in Latin America, coupled with its work advising the Spanish government on recapitalising local lender Bankia, make Goldman Sachs Financial News's investment bank of the week.

Late last week, Spanish banking group BBVA appointed Goldman Sachs to review its Latin American pension fund business. The move follows a path well trodden in recent months, with HSBC and Santander also looking to offload Latin American subsidiaries.