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 →

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