Los hermanos no nos quieren pagar…

According to Bloomberg, Barclays closed out its wealthmanagement office in Buenos Aires. Its local unit was the only wealthmanagement office in Latin America. 

“For strategic reasons, Barclays Wealth is aligning how weserve clients in all Latin American countries,” the companysaid in the statement.

Real reason
Argentine financial newspaper Ambito Financiero reported Monday that Barclays shuttered the office due to limited business opportunities amid an increasingly difficult regulatory environment in Argentina. 
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