Citibank Loses Case To Refund $500M That Was Sent Out In Error

In a series of unexpected events, a New York judge blocked Citibank from receiving back funds from an accidental wire transfer. In August of 2020, Citibank mistakenly transferred $900M to Revlon's creditors, while only intending to wire $7.8 as an interest payment. Although they've been able to recover some of the funds, other creditors are... Continue Reading →

Chicago’s Mercy Hospital Files For Bankruptcy

Mercy Hospital and Medical Center is Chicago's longest operating hospital, which is located in the Bronzeville neighborhood on the Southside of Chicago. The file for Chapter 11 bankruptcy comes in just weeks after owner, Trinity Health Corp., requested to close the hospital, which was denied by state officials. Before being blocked Trinity Health Corp. wanted... Continue Reading →

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