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A botched wire transfer resulted in one of the biggest blunders in banking history Feb 18, 2021, 11:57 AM facebook email The tower of Citigroup is pictured beside that of One Canada Square, in the Canary Wharf financial district on the Isle of Dogs, December 22, 2019 in London, England. (Photo by Jim Dyson/Getty Images) A federal judge ruled on Tuesday Citigroup would not be able to recoup its $501 million mistake. The New York judge s ruling calls the accident one of the biggest blunders in banking history. We read through the 101-page court document to find four key takeaways. A federal judge ruled Tuesday that Citigroup will not be able to recoup half a billion dollars of its own money that accidentally sent to Revlon creditors in a financial transaction gone awry last year. ....
A botched wire transfer resulted in 'one of the biggest blunders in banking history.' Here are 4 key takeaways from Citigroup's $893 million mistake. businessinsider.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.in Daily Mail and Mail on Sunday newspapers.
The Wall Street bank only meant to send a much smaller interest payment. Now it's struggling to recoup more than $500 million it accidentally sent. ....