Citibank Argentina For Sale?

glasgowjohn

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looks like the owners want to get out of retil banking

the rumor has been floating around for some time . But my friends in the busienss say that it is a goer now.

http://m.cronista.com/finanzasmercados/El-Citi-sale-del-negocio-minorista-de-Argentina-y-suenan-posibles-compradores-20160219-0011.html
 

Nitale

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Citibank to drop consumer banks in Argentina, Brazil, Colombia.

Is this going to affect US citizens living here?

http://www.buenosairesherald.com/article/209122/citibank-to-drop-consumer-banks-in-argentina-brazil
 

Noesdeayer

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Nitale:
Yes.If they have an account in Ctibank Argentina.I am a U.S. citizen and Argentine legal resident .
I have 2 accounts in Citi here.One in AR$ and another in U$D.
I'm just VERY thankful that Citi waited for the change in gov't to make this sale
It should take about 6 months to get the approval of El Banco Central
Personally,if I get to choose,I'll switch the accounts to Banco Galicia
If U$D accounts are allowed there and then.
 

r2d2

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Personally,if I get to choose,I'll switch the accounts to Banco Galicia
If U$D accounts are allowed there and then.

Banco Galicia has USD accounts (and had them in the past even during the K years). They are usually bundled in account packages together with Peso accounts and debit and credit cards. With the cepo lifted you can now easily exchange Pesos <-> Dollars between your accounts online.
 
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