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Citigroup lawyers have asked U.S. District Judge Paul Oetken to dismiss a complaint filed in January by Attorney General Letitia James, who accuses its Citibank unit of failing to pay back customers who were victims of online scammers, Bloomberg News reported on Tuesday.

Lawyers said the bank had strong and comprehensive procedures to protect customers from scams and fraudulent transactions, the report said.

Mr. James, the New York state attorney general, sued the Citibank unit in January, alleging that its lax security protocols made it easy for scammers to gain access to customers’ accounts and their deposits. theft through unauthorized electronic transfers.

She said Citi’s “neglect” is costing state clients millions of dollars.

A Bloomberg report says Citi said US banks will have to make a “significant change” in how electronic payments are handled if New York state wins the lawsuit.

In April, Citi asked a federal judge to dismiss the lawsuit, saying the proper standard in the Uniform Commercial Code, which all US states use, exempts banks from to cover losses if they take, in good faith, commercially reasonable security measures to verify the identity of the customer. .

Citigroup and Mr. James’ office did not immediately respond to Reuters requests for comment.

Falling 1% to 7,495 points, the CAC40 started the session in sharp decline on the Paris Stock Exchange, after a slow end to the session on Wall Street on Monday against the background of a clear decline in the bond markets.

‘Treasuries continued to sell across the curve early in the week, with two- and 10-year yields rising above 4% for the first time since August,’ said Michael Brown, at Pepperstone.

According to this strategist, the continued reassessment of monetary policy expectations in a less favorable direction, after Friday’s earnings figures, was the main reason for the continued selling pressure on US bonds.

“Crude oil, of course, continues to present a major geopolitical risk due to tensions in the Middle East, with Brent reaching the $80 per barrel mark for the first time since August,” said e.

In terms of statistics, operators looked at the French trade balance this morning, before the US trade balance at the beginning of the afternoon.

In August 2024, the French trade balance declined significantly according to CVS-CJO data from the customs administration, the deficit therefore at 7.37 billion euros after 6.04 billion per month before.

In stock news, Vinci announced the acquisition of RH Marine and Bakker Sliedrecht, two companies specializing in the marine sector, allowing it to enrich its offer in business services and strengthen its presence in Sweden.

The real estate company Argan announces the sale of its data center in Wissous (Essonne) to Invesco Real Estate for an area of ​​more than 22,000 m2, for a price of 59 million euros excluding duties, a transaction that will complete the their settlement program for 2024.

As part of its joint public purchase offer with Rubis for the Italian group Unieuro, Fnac Darty announces a lowering of the minimum threshold condition from 90% to 66.67% of the capital, indicating the desire for the bid This takeover was implemented successfully.

TotalEnergies announces that it has signed a renewable electricity sales agreement (PPA) with Saint-Gobain, which provides for a continuous supply of electricity to power the construction materials group’s business sites in France.

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