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Citibank to close Venezuela's 2 government accounts
Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them
Street Talk Episode 66 - Community banks tap the debt markets while the getting is good
Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund
Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory
VenezuelanPresident Nicolas Maduro has accused CitigroupInc. unit Citibank NA of planning to close the government's foreigncurrency accounts within 30 days, Reuters reported.
A separate Reutersreport confirmed that Citi will stop its correspondent banking and servicingfor some accounts after conducting a periodic risk management review.
Strictcurrency controls in Venezuela have left its government dependent on the bankfor foreign currency transactions.