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The Argentine government has taken legal action against the U-S banking giant, Citibank. This comes after the financial entity violated several Central Bank regulations and endorsed a U-S court ruling to block the foreign debt payments of the South American country. Press TV's Manoel Giffoni has the details from Buenos Aires.

In a decision that shocked the Latin American stocks, Argentina has suspended Citibank from trading in the capital markets. According to the government, the bank breached the regulations of Securities and Exchange Commission.