Tag: Citibank

Citibank Is Closing Government Accounts of a Country Which Need It the Most

Citibank, the world’s 9th largest bank with a US$127 billion market cap, is closing the government accounts of Venezuela. On July 11, the country’s President Nicolas Maduro stated during a Council of Ministers meeting at Miraflores Palace in Caracas that Citibank NA is set to shut the Venezuelan government’s foreign currency accounts in less than a month. “With no warning, Citibank says that in 30 days it will close the …
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