US Banks in Talks to Lend $20b to Argentina: Semafor

Banks including JPMorgan, Bank of America, Goldman Sachs, and Citigroup are in talks with the US Treasury to provide up to $20b in loans to Argentina, Semafor reports, citing unidentified people familiar with the matter.

• The banks are discussing an emergency loan backed by Argentine assets, report says
  • Talks are ongoing and specific collateral is still being ironed out
• Representatives for Treasury and the banks declined to comment to Semafor
• NOTE: Argentines Dump the Peso, Betting US Rescue Is Doomed to Fail

To contact the reporter on this story:
Belinda Cao in New York at lcao4@bloomberg.net

To contact the ...