Tag: Banco Nacion

• Thursday, February 20th 2025 - 10:53 UTC

  Milei turns Banco Nación into a corporation

  

  Argentine President Javier Milei signed a decree transforming Banco de la Nación Argentina into a corporation in a move to facilitate its future privatization or allow private investors to join its capital. The bank currently has assets of US$ 48 billion, deposits of US$ 33 billion, and a net worth of US$ 15 billion.

• Saturday, February 18th 2023 - 10:48 UTC

  Argentina's reserves wane as “official” dollar rises

  

  In a country where the exchange rate between the local currency and the US dollar varies from one counter to the other and hinges on the type of operation involved beyond the exchange, Argentina's official rate against Friday pierced for the first time the symbolic AR$ 200 / US$ 1 threshold at private banks, closing at AR$ 191.25 (purchase) / AR$ 199.25 (sale) at the Banco Nación.

• Monday, November 26th 2018 - 16:38 UTC

  Hard times ahead for Argentina's Banco Nación president

  

  Argentina's state-run Banco Nación President Javier González Fraga admitted borrowing from abroad is a possibility to face the current liquidity shortage, it was reported.

• Thursday, August 13th 2015 - 07:00 UTC

  Argentine minister's daughter, 26, board member of main development bank

  

  Maria Delfina Rossi, the daughter of Argentina's Defense Minister Agustin Rossi, has been appointed to head the Banco Nacion following a resolution signed by President Cristina Fernandez.

• Tuesday, October 7th 2014 - 00:43 UTC

  Griesa orders Argentina to reinstate BoNY as trustee for bondholders' payments

  

  US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee for bondholders payments and “reverse the steps taken” with the approval of the so-called Sovereign Payment law that replaced it with the country's Nacion Fideicomisos.

• Thursday, October 2nd 2014 - 07:15 UTC

  Climbing volatility of the US dollar in Argentina forces resignation of central bank president

  

  Argentine Central Bank President Juan Carlos Fabrega resigned Wednesday after an alleged disagreement with President Cristina Fernandez over how to keep a lid on the black market exchange rate ('blue' dollar) that hit a record 16 pesos per dollar last week.

• Wednesday, August 27th 2014 - 06:42 UTC

  Singer recruits former Secretary of State Albright for its dispute with Argentina

  

  Billionaire Paul Singer, founder and CEO of hedge fund Elliott Management Corporation has picked up some major political muscle to press his case in the long-running debt battle with Argentina, reports the New York Post.

• Wednesday, August 27th 2014 - 06:33 UTC

  Argentina revokes BONY authorization to operate and act as trustee

  

  Argentina's Cabinet Chief Jorge Capitanich confirmed that the country's Office of the Superintendent of Financial and Exchange Institutions has revoked the authorization for the bank of New York Mellon to operate in Argentina.