Tag: Citigroup

• Thursday, March 26th 2015 - 09:20 UTC

  Argentina considers Citigroup deal with US Judge Griesa could have violated local law

  

  Argentina's Economy Minister Axel Kicillof said on Wednesday a deal between Citigroup Inc and U.S. judge Thomas Griesa allowing the banking giant to process two Argentine debt payments violated the country's laws.

• Thursday, March 19th 2015 - 08:01 UTC

  Argentina asks Citigroup how it will react to Judge Griesa' decision

  

  Argentine Economy Minister Axel Kicillof has revealed the government sent a letter to Citigroup asking how the bank will react, after New York district judge Thomas Griesa decided not to kill an injunction that blocked Citi from processing interest payments on 2.3 billion dollars of Argentina bonds, under Argentine law.

• Wednesday, March 18th 2015 - 08:07 UTC

  Citigroup to exit custodial business in Argentina following ruling from Judge Griesa

  

  Citigroup Inc announced on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a US judge refused to lift an injunction that blocked the bank from processing interest payments on 2.3 billion of Argentina bonds, issued under Argentine law.

• Tuesday, March 17th 2015 - 07:23 UTC

  Griesa rejects Citigroup petition to allow payment of bonds issued under Argentine law

  

  New York district judge Thomas Griesa has declined a request from the Citigroup bank to allow the entity to process the payment of Argentine bonds under local law while an appeal against the magistrate's negative ruling is being prepared.

• Sunday, March 15th 2015 - 00:54 UTC

  Argentina blasts Judge Griesa ruling blocking Citigroup from paying bonds issued under local law

  

  A release from the Argentine Economy Ministry considered US Judge Thomas Griesa's ruling issued on Thursday “a shameful excess of jurisdiction”. Judge Griesa blocked Citigroup Inc from processing interest payments by Argentina on some bonds issued under the country's law.

• Friday, March 13th 2015 - 11:18 UTC

  Griesa blocks Citigroup from paying interest on Argentine bonds; group will appeal

  

  A United States federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law. U.S. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called dollar-denominated exchange bonds would violate a requirement that Argentina treat bondholders equally.

• Tuesday, November 11th 2014 - 07:25 UTC

  Griesa authorizes Citibank to pay restructured bonds under Argentine law

  

  New York District judge Thomas Griesa has authorized Citibank to complete the transfer of 85 million dollars to holders of restructured Argentine bonds under Argentine law, meeting debt services that expire on December 31.

• Saturday, October 25th 2014 - 10:02 UTC

  Argentina's bonds dispute: Judge Griesa delays a week a Citigroup hearing

  

  U.S. District Judge Thomas Griesa has delayed by a week a December hearing to consider whether Citigroup Inc should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default.

• Wednesday, October 15th 2014 - 10:17 UTC

  Citigroup exiting retail business in 11 markets including 6 in Latin America

  

  Citigroup said on Tuesday that it will bow out of the retail banking business in 11 markets, part of its ongoing effort since the financial crisis to restructure and slim down. The news came as the bank announced third-quarter earnings.

• Saturday, September 27th 2014 - 09:12 UTC

  Griesa allows Citibank to process a one-off payment of Argentine bonds

  

  US District Judge Thomas Griesa has enabled Citibank to process a one-off payment on US dollar-denominated bonds issued under Argentine law, during a hearing held at Manhattan federal court on Friday.