US Banks Show Reluctance in Lending to Argentina: $20 Billion at Stake

U.S. banks, including JPMorgan Chase, Bank of America, and Goldman Sachs, are reportedly hesitant to lend $20 billion to Argentina without guarantees or collateral, according to the Wall Street Journal. Reuters was unable to verify this report immediately.

Prominent U.S. banks such as JPMorgan Chase, Bank of America, and Goldman Sachs have shown reluctance to extend a $20 billion loan to Argentina, citing a lack of adequate guarantees or collateral.

The Wall Street Journal reported this development, referencing sources familiar with the negotiations.

Efforts by Reuters to independently confirm the report have not yet been successful.

(With inputs from agencies.)