Financial and Banking News

INTERNATIONAL BANKING

Group of Three Latin American Debtors Meet

The finance ministers of Argentina, Brazil and Mexico met in New York last week to form a "group of three" which will meet every six months and consult on strategies related to their foreign debt. The meeting coincided with the beginning of negotiations between Brazil and its foreign bank creditors, represented by a 14-bank steering committee chaired by Citicorp, in which a new Brazilian...