Citibank to Seek Stay of Argentina Ruling, Lawyer Says

A legal ruling prevents a bank from forwarding a $5 million payment to Argentine bondholders. Citibank claims Argentina has threatened sanctions, including nationalization, if it doesn't pass the interest payment on $8.4 billion in bonds issued under Argentine law.

What was the legal ruling about in the first section?

• Increasing the interest rate on bonds

• Reducing the bond value

• Allowing a bank to issue new bonds

• Preventing a bank from making a payment to bondholders

What actions has Argentina threatened against Citibank?

• Tax reductions

• Financial incentives

• Civil and criminal sanctions

• Legal immunity

What could happen to Citibank if it fails to make the interest payment?

• It could be nationalized

• It could receive a bailout

• It could merge with another bank

• It could expand its operations

Under which law were the bonds issued?

• European law

• International law

• U.S. law

• Argentine law

What is the total value of the bonds mentioned in the final section?

• 7.5 billion U.S. dollars

• 8.4 billion U.S. dollars

• 10 billion U.S. dollars

• 5 million U.S. dollars