Category: Argentina

Argentina’s financial crisis has affected the region’s
markets far more deeply than many expected. It has changed the way investors and banks approach risk in Latin America.

IntesaBci Cedes Control of Argentine Subsidiary IntesaBci, Italy’s largest bank, is spending $150 million to recapitalize its Argentine unit and then cede control of it in a merger with Banco […]

Blejer Leaves Argentina Mario Blejer, Argentina’s former central bank president, is the new director of the Centre for Central Banking Studies (CCBS) at the Bank of England. He will also […]

Italian retail investor’s love affair with Argentine bonds ended abruptly when the sovereign left its creditors in the lurch. Angry Italians want someone to compensate them for their losses.

After jumping through legal hoops, the Argentine oil company Tecpetrol successfully restructured $230 million in bank loans. Securitized revenues made the new debt palatable to creditors and the government.

So far, Uruguay has fended off a collapse of its banking system, which has been rocked by fallout from Argentina’s
financial crisis. Despite a $3.8 billion multilateral aid package,the outlook remains grim.

This would seem a good time for shrewd investors to go rummaging for deals in Argentina’s corporate bargain basement, but risk still outweighs the promise of reward for all but the most audacious buyers.

With Argentina’s provinces and banks withdrawing support, the federal government is running out of options to keep the financial system alive and revive the economy.

To save Argentina’s decimated banking system, economist Steve Hanke proposes repealing the Central Bank’s ability to issue pesos and giving solvent banks the ability to issue dollar-denominated notes.

A deepening financial crisis is adding another layer of complexity to Argentina’s troubles, made worse by the government’s extraordinary incompetence.