NEW YORK—A federal judge on Tuesday said Citigroup is not entitled to recoup half a billion dollars of its own money that it mistakenly wired lenders of Revlon, in what he called “a banking error of perhaps unprecedented nature and magnitude.” U.S. District Judge Jesse Furman in Manhattan said the Aug. 11, 2020, transfers were…
Citigroup Cannot Recoup Revlon Payouts After Nearly $900 Million Gaffe: US Judge
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