Zacks – The Bank of New York Mellon Corporation (BK – Analyst Report), the center of legal dispute that pushed Argentina to default for the second time in 13 years, is no longer authorized to operate in the country. The U.S.-based company also faces litigations from bondholders for withholding interest payments.
Argentina cancelled BNY Mellon’s license to operate as a trustee for the government bonds, as the company failed to perform its duties regarding the same, according to Cabinet Chief Jorge Capitanich.
