CITiBANK

Citibank just sent some lenders $900 million by mistake

Citi was serving as the so-called administrative agent between Revlon, the embattled cosmetics company, and its creditors. It mistakenly paid those lenders much more $8 million was the correct amount than. A worried Citibank then moved the court demanding a full refund but it still has not received $500 million from the accidental transfer. A …

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