JPMorgan in 'fluid' talks to buy Argentine debt
Dow Jones has reported JPMorgan was discussing buying Argentina’s sovereign debt from vulture funds suing the South American country over its defaulted bonds. “Fluid” was how the US agency described talks between JPMorgan and hedge funds.
So far it has been confirmed that a group of foreign private banks were resuming talks today following yesterday’s failure in negotiations between the federal government and holdout creditors.
Argentina’s ADEBA group of national banks also attempted to reach an agreement with vulture funds but failed as well.