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

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

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

(Reuters) -​A planned ‌$20 billion bailout ‌to Argentina from JPMorgan Chase, Bank ⁠of ‌America and Citigroup has ‍been shelved as bankers pivot instead ​to a ‌smaller, short-term loan package, the Wall Street ⁠Journal ​reported on ​Thursday, citing sources.

(‍Reporting ⁠by Chris Thomas in ⁠Mexico City; ‌Editing by Chris ‌Reese)

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