Citigroup must face New York lawsuit over handling of fraud scams
A federal judge on Tuesday rejected Citigroup's bid to dismiss a lawsuit by New York Attorney General Letitia James claiming it failed to protect customers from online scammers and refused to reimburse customers who were victimized.
Citigroup Fails to Shake New York's Online Fraud Safeguards Suit
Citigroup Inc. lost its bid to avoid some claims from New York Attorney General Letitia James (D) that its commercial banking unit failed to protect customers from online fraud, though a federal judge in Manhattan tossed several other claims against the bank alleging violations of state law.
The bank is among traditional financial institutions attempting to counter the gains rivals have made in buy now/pay later.
Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on ...
Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that ...
Citigroup initiated a major transformation plan in 2024 in an effort to unlock value and drive higher returns. Management ...
Citigroup Inc.’s top investment banker says US corporates are on the hunt for overseas deals thanks to a strong dollar, an ...
Citigroup exceeded expectations in Q4 2024, driven by strong business performance.
Wall Street’s largest banks are poised to report their highest fourth-quarter trading revenue in five years, as November’s ...
Citigroup’s wealth management unit reported improved results for the fourth quarter, with net income rising to $334 million ...
Warren Buffett and his team at Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) have long dabbled in bank stocks, owning almost ...
Amagi, whose clients include NBC Universal, CBS, USA Today and Rakuten, is likely to file draft IPO papers after April. The ...
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