Judge Lets Revlon Creditor Keep Citi’s Process Botched $500 Million Payment

Posted on 02/16/2021


Citigroup Inc. has been arguing with the creditors of Revlon Inc. after the bank inadvertently sent them US$ 900 million, just one day after Revlon’s creditors had sued the cosmetics firm over its restructuring practices. Citibank says the transfer was due to human error. Citi had been acting as an agent for Revlon’s loans, collecting […]

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