Bloomberg News

Argentina Forewarns Banks Over Falklands, Sunday Telegraph Says

April 01, 2012

Argentina’s government threatened legal action against a group of British and American banks over research reports on companies involved in the Falkland Islands’ oil industry, the Sunday Telegraph reported.

The Argentine embassy in London sent unsigned letters to as many as 15 banks, understood to include the Royal Bank of Scotland Group Plc, Barclays Capital and Goldman Sachs Group Inc. (GS:US), on March 20, according to the Sunday Telegraph.

The letter, which had the crest of the Ministry of Foreign Affairs and Worship, warned that writing research notes on exploration companies involved in the Falklands constituted “a violation of the applicable domestic and international rules,” the Sunday Telegraph said, citing a copy seen by the newspaper.

A spokeswoman for Royal Bank of Scotland declined to comment. Barclays didn’t answer phone calls made out of business hours. Phone messages left with Goldman Sachs and the Argentine embassy in London were not immediately returned.

To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


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