NY Attorney General sues Citibank for failing to protect fraud victims
New York Attorney General Letitia James today sued Citibank, N.A. (Citi) for failing to protect and refusing to reimburse victims of fraud.
New York Attorney General Letitia James today sued Citibank, N.A. (Citi) for failing to protect and refusing to reimburse victims of fraud.
The Monetary Authority of Singapore (MAS) has responded to media queries about the recent disruptions to the services of DBS Bank and Citibank.
MAS has imposed composition penalties of S$3.8 million in total on Citibank, DBS, OCBC Singapore and Swiss Life (Singapore) Pte. Ltd.
Former US Comptroller of the Currency Robert L. Clarke advises Court to reverse judgment against Citi in $900 million payment error case.
Citibank has gained the support of 12 University professors, as it challenges a district court ruling in $900 million payment error case.
Judge orders that non-returning lenders are entitled to keep the money that Citibank transferred by mistake.
The New York Southern District Court is prepared to proceed with trial in the case brought by Citibank over a $900 million payment error.
The Court may dismiss Citibank’s case due to a previously overlooked potential jurisdictional problem.
The Clearing House Association, The Clearing House Payments Company and the Bank Policy Institute throw their weight behind Citi.
A number of Citibank managers will testify as the bank tries to prove that the August 11, 2020 wire transfers were mistakenly made.