Citi loses suit to recoup US$500m it wrongly paid ‘IN GOOD FAITH’: The lenders that received the money were justified to think that Revlon was repaying its loan early, a US district judge said AFP, NEW YORK Citigroup Inc is on the hook for almost US$900 million in mistaken payments it sent out, according to a US ruling on Monday that called the debacle “one of the biggest blunders in banking history.” The case centers on payments totaling about US$500 million Citigroup in August last year sent to 10 financial companies that were parties to a term loan to cosmetic company Revlon Inc.