June 1, 2007
Citi is reportedly cooperating with Ecuadorian authorities in an investigat
Citi is reportedly cooperating with Ecuadorian authorities in an investigation into a payment on the sovereign's globals. There are ongoing allegations of insider trading of the bonds, which many in the market expected the government to stop paying on. Citi is apparently going to provide names of parties who received coupon payments. And Venezuela is reportedly being asked to provide information on Ecuadorian bond and structured products holdings.