Like a messy divorce, the tit-for-tat battle that is Argentina’s bond debt just keeps getting uglier with each passing day. Argentina bared Bank of New York Mellon Argentina said on Tuesday it has barred The Bank of New York Mellon Corporation (NYSE:BK) from operating in the country, an apparent move against the bank that, following orders from a US court, had blocked the Argentine government debt payment. Wednesday Argentina’s Congress is set to consider a law that would replace BNY Mellon as the intermediary for foreign bond payments, instead using the state-controlled Banco Nacion. A Reuters report notes that the BNY…
Argentina Shuts Out BNY Mellon And Oddly Blasts Sam Zell
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.