Arab Today, arab today us judge blocks citi handling of argentina debt payments
Last Updated : GMT 11:49:44
Arab Today, arab today
Arab Today, arab today

US judge blocks Citi handling of Argentina debt payments

Arab Today, arab today

Arab Today, arab today US judge blocks Citi handling of Argentina debt payments

A US judge blocked Citigroup
New York - AFP

A US judge on Thursday blocked Citigroup from handling payments on some of Argentina's bonds amid a legal battle that has put the country into default.
Judge Thomas Griesa of the district federal court in New York rejected the US bank's request to process the payments, saying they would violate his ruling that Argentina must first pay off so-called "holdout" hedge funds before it can pay a certain class of creditors.

 

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