New Argentina Debt Crisis Spells Trouble for Custodian Banks
The South American country’s latest default could leave custodians reluctant to get involved in sovereign debt restructurings.
Georgina Hurst
September 23, 2014
A woman takes a photograph outside the Bank of New York Mellon Corp. headquarters building in New York, U.S., on Wednesday, May 6, 2009. BNY Mellon is one of the 19 U.S. banks being put through a stress test by regulators, the results of which are expected to be released tomorrow. Photographer: Jonathan Fickies/Bloomberg News
JONATHAN FICKIES/BLOOMBERG NEWS
