Argentina halts some dividend payouts - report

The Central Bank of Argentina has reportedly asked some banks to stop paying dividends to shareholders after stress tests revealed banks could require more capital.

A source at the central bank told Reuters on Wednesday that it had called for the halt on dividend payments after stress tests revealed that some banks were accounting for their sovereign-debt holdings at face value rather than at market value and rising delinquent loan rates. The limited access to lending markets was another reason

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