Argentine Lawmakers Cut Banco Ciudad Deposits, Clarin Says

Argentina’s lower house approved a bill that will order national and federal courts to send judiciary deposits to the Banco de la Nacion Argentina instead of to the Banco de la Ciudad de Buenos Aires, newspaper Clarin reported.

The bill, approved by 128 votes to 4, will reduce Banco de la Ciudad deposits by 1.2 billion pesos ($261 million) per year, the Buenos Aires-based newspaper said. The proposal must be approved by the Senate.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Philip Sanders at psanders@bloomberg.net

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