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Citi's US$900M payment looked deliberate, witnesses say

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. Citigroup s 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 and small cafeterias on every floor. Photographer: Marc McAndrews/Bloomberg
, Bloomberg
A witness for Revlon Inc. creditors that received part of a US$900 million payment Citigroup Inc. sent in error took a grilling on Thursday in a trial over the bankâs effort to get the money back. ....

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Citi's $900 Million Flub Spurs Grilling at Closely Watched Trial

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. Citigroup s 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 and small cafeterias on every floor.
(Bloomberg) A witness for Revlon Inc. creditors that received part of a $900 million payment Citigroup Inc. sent in error took a grilling on Thursday in a trial over the bank’s effort to get the money back. ....

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