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Banco Itaú Argentina faces customer class-action suit

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Banco Itaú Argentina faces customer class-action suit

Banco Itaú Argentina SA said it is being sued by a group of eight customers who filed a class-action lawsuit against the bank for alleged unjust operations regarding foreign currencies used by retirees and pensioners to carry out payments denominated in foreign currencies.

Banco Itaú said in a statement it was analyzing the case but that it could not determine if an unfavorable result from the case would be of significant economic importance as the lawsuit did not disclose an amount for its claim.