Citigroup Must Prove Argentina Threatened Bank Says NML Capital
Paul Singer's NML Capital wants Citibank to provide evidence it was threatened by Argentina, as it maintains.
Citigroup could lose its business in Argentina
Citibank’s parent company, Citigroup Inc (NYSE:C), has argued the bank could lose its Argentine business and its executives could face jail if the court doesn’t allow it to pay Argentina’s bondholders. U.S. District Judge Thomas Griesa had previously barred such payments unless defaulted . . .
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