Scott Crocombe News Today

December 16, 2020 | 12:03 am Font Size AAA RECIPIENTS of Citigroup, Inc.’s $900-million error couldn’t help but mock the bank — and that could help it get the money back. As it fights to recover funds it sent Revlon, Inc. lenders in August, Citibank is working to convince a judge that the 10 asset managers it’s suing knew the payment was a mistake. At a trial on Monday, lawyers for the bank cited electronic chats between employees of some of the investment firms as ...

Chris Dolmetsch, Katherine Doherty and Jenny Surane, Bloomberg News Chairs sit at tables in the 1812 meeting room at the new Citigroup Inc. headquarters in New York, U.S., on Tuesday, Dec. 3, 2019. Citigroups trading floors - long known for being festooned with flags marking the home countries of its hundreds of traders, and banners touting years of good performance - have gotten swankier, with floor-to-ceiling windows, desks outfitted with 43-inch computer monitors ...

Citi’s $900 Million Flub Spurs Grilling at Closely Watched Trial Bloomberg 12/10/2020 Chris Dolmetsch, Katherine Doherty and Jenny Surane © Bloomberg Chairs sit at tables in the 1812 meeting room at the new Citigroup Inc. headquarters in New York, U.S., on Tuesday, Dec. 3, 2019. Citigroups trading floors - long known for being festooned with flags marking the home countries of its hundreds of traders, and banners touting years of good performance - have gotten swankier, w...