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Citigroup emphasized that while no system is foolproof against every scam, they argued against a lawsuit that could significantly disrupt “how banks have organized their policies and practices for decades.” Read more.
The Tennessee House gave final approval to a bill that would expressly exclude a central bank digital currency (CBDC) from the definition of money and a "deposit account" under the Uniform Commercial Code (UCC), creating potentially significant roadblocks to its use as such in the Volunteer State
Michael Stern, the developer of 9 DeKalb Avenue’s Brooklyn Tower, has defaulted on a $240 million loan. A UCC foreclosure auction has been scheduled for June 10 by Silverstein Capital Partners, which issued the loan in 2019, according to marketing materials from real estate company JLL.
Citigroup on Tuesday urged a federal judge to dismiss New York Attorney General Letitia James' lawsuit accusing its Citibank unit of failing to reimburse customers who fall victim to online...
By Jonathan Stempel NEW YORK (Reuters) - Citigroup on Tuesday urged a federal judge to dismiss New York Attorney General Letitia James' lawsuit ...