Tag : Axel Kicillof

Argentina sues and suspends Citibank

International Finance DeskApril 14, 2015

by International Finance DeskApril 14, 2015

The reason is the bank’s exit from its bond custody business Kamilia Lahrichi April 14, 2015: The Argentine left-wing government is suing in local courts Citibank Argentina, the country’s 12th largest bank by deposits and a subsidiary of Citigroup, for exiting its bond custody business, Economy Minister Axel Kicillof said on April 8, 2015, in...

Economy

Poverty keeps growing in Buenos Aires as Argentina wakes up in default

International Finance DeskAugust 25, 2014

by International Finance DeskAugust 25, 2014

Major setback for a country already suffering from devaluation of the peso, rampant inflation, slow growth, falling wages and widespread poverty Kamilia Lahrichi August 25, 2014: Standard & Poor’s decision to declare Argentina on “selective default” on July 30th is a disaster for Argentinians. The New York Court of Appeals condemned the South American nation...