Argentine central bank to send regulators to local Citibank HQ: media

Argentina's central bank will send regulators to the headquarters of Citibank Argentina on Monday, the head of the monetary authority has said, the latest move between the bank and the state over defaulted debt. The regulators will perform "an integral inspection" to "guarantee normal functioning of (Citibank Argentina)," central bank chief Alejandro Vanoli said in a story published on Sunday in local newspaper Tiempo Argentina, four days after stripping authority from the bank's CEO. Last month Argentina's securities regulator said Citibank Argentina had violated local laws in striking a deal with litigating U.S. hedge funds and suspended the bank from conducting capital market operations.

via Business News http://ift.tt/1D7jI1e