Business

NY judge: Citibank dilemma poses no great threat

By Larry Neumeister
Published September 10, 2014 11:59pm ET
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NY judge: Citibank dilemma poses no great threat
A banner shows a vulture, symbolizing a U.S. hedge fund, carrying a bag of money in front of the U.S. flag outside Congress in Buenos Aires, Argentina, Wednesday, Sept. 10, 2014. Congress is expected to vote on a bill, that if approved, would allow Argentina to pay creditors locally in Argentina. Argentina was forced into a second default on July 30 following a decade-long legal battle with U.S. investors including hedge funds who refused to accept lower payments for bonds that the South American country defaulted on in 2001. The investors obtained a U.S. court order, preventing Argentina from making interest payments which triggered the second default. (AP Photo/Natacha Pisarenko) | Natacha Pisarenko

NEW YORK (AP) — A judge told lawyers Wednesday that he doesn’t think an effort by Argentina to pay some bondholders through a Citibank branch in the South American country will lead to a widespread effort to violate his orders.

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