U.S. Banks Shelve $20 Billion Bailout Plan for Argentina

carride

carride

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Banks are now considering a $5 billion short-term repurchase facility to help Argentina meet a $4 billion debt payment in January.
The private-sector loan didn’t get off the ground as banks awaited guidance from the Treasury Department on what collateral and guarantees they could use to shield them from losses, The Wall Street Journal previously reported. Now, bankers are saying it is no longer under serious consideration, according to people familiar with the conversations.
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