(Bloomberg) -- Argentina’s central bank and regulators are looking into at least three of the nation’s banks for potential irregularities in transactions...
-- Argentina ’s central bank and regulators are looking into at least three of the nation’s banks for potential irregularities in transactions with government bonds and put options.Macron Puts French Banks in Play With Plan to Transform Europe
The figure reached a record high over 20 trillion pesos and today remains close to that value, according to one person with direct knowledge. The central bank declined to comment.In the April 29 statement published by the regulator, the central bank said Galicia made dual sovereign bond transactions with its own companies to “manipulate prices” and allow it to execute puts of the notes on February 21.
The instrument has enabled Economy Minister Luis Caputo to not only roll over all of the debt coming due, but also to sell new notes to finance spending. But the sheer size of the outstanding position — larger than Argentina’s monetary base — has stoked concern and prompted the government to scale back their use and, in turn, reduced the appeal of the Treasury bond auctions they were meant to promote.
Central Bank Government Bonds Banco Supervielle Banco Bilbao Vizcaya Argentaria SA Banco Galicia Argentina CNV Bond Transactions
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