Reported about 12 hours ago
A group of U.S. banks, including JPMorgan Chase and Bank of America, is hesitant to provide a $20 billion loan to Argentina without adequate collateral or guarantees, as reported by the Wall Street Journal. While the U.S. Treasury is working on a facility to support Argentina's sovereign debt, the finalization of this loan hinges on resolving collateral issues, which could potentially lead to conflicts with the IMF regarding prioritization of U.S. liabilities.
Source: YAHOO