Reported about 4 hours ago
Senator Elizabeth Warren confirmed that JPMorgan Chase purchased Argentine pesos on behalf of the US Treasury, aimed at supporting Argentina's libertarian leader before crucial elections. This revelation clarifies JPMorgan's involvement in a broader US rescue effort amid Argentina's volatile market conditions. Warren has called for transparency regarding the Treasury's financial actions, emphasizing the significance of the US government’s intervention in Argentina's fiscal landscape. While other banks provided limited responses, the exact details of these transactions remain undisclosed.
Source: YAHOO