Citi Tells Court Its Argentina Banking License At Risk
Citigroup has told the U.S. appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country’s debt restructuring that its Argentine banking license may be at risk as a result of the standoff. That is because under orders from U.S. District Judge Thomas Griesa, Citibank Argentina is barred from distributing payments it will receive from Argentina to holders of a class of restructured bonds that are governed under Argentine law.
“Citi Tells Court Its Argentina Banking License At Risk” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.