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Citibank in Argentina to Stop Making Bond Payments

Citibank said Tuesday it was getting out of the business of making bond payments for Argentina, the latest fallout from a bitter court fight between the South American country and a group of bondholders in the U.S. In a statement, the bank said it was making plans to transfer Argentina's debt payments to another entity because of an "unprecedented international conflict of laws." The statement said the bank had notified the New York court overseeing the legal fight,...

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