US banks shelve $20 billion bailout plan for Argentina, WSJ reports-August 2024-www.financetom.com

US banks shelve $20 billion bailout plan for Argentina, WSJ reports

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US banks shelve $20 billion bailout plan for Argentina, WSJ reports

Nov 20, 2025 2:49 PM

Nov 20 (Reuters) - A planned $20 billion bailout to

Argentina from JPMorgan Chase ( JPM ), Bank of America ( BAC )

and Citigroup ( C/PN ) has been shelved as bankers pivot instead to

a smaller, short-term loan package, the Wall Street Journal

reported on Thursday, citing sources.

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