The Traderszone Network

Published in TZ Latest News 22 March, 2015 by The TZ Newswire Staff

U.S. court authorizes Citigroup to process Argentine bond payments

Citigroup Inc has been authorized by a U.S. judge to process two Argentine debt payments, the bank said, which could ease tensions between the bank and the default-hit nation. The U.S. bank, which acts as custodian of some Argentine bonds, has been embroiled in a court battle between the South American country and a group of New York-based hedge funds seeking full payment on their defaulted sovereign bonds. U.S.

read more