Citibank to stop making bond payments for Argentina amid legal fight in US over debt repayment

March 17, 2015 5:57 PM

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BUENOS AIRES, Argentina – Citibank says it's getting out of the businesses of making bond payments for Argentina because of a long legal fight in the United States over the South American country's debt repayment.

The bank said in a Tuesday statement it is making plans to transfer Argentina's debt payments to another entity because of "unprecedented international conflict of laws."

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