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.
Citi ne pourra pas récupérer 500 millions de dollars crédités par erreur bfmtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bfmtv.com Daily Mail and Mail on Sunday newspapers.
Citi ne peut récupérer des centaines de millions versés par erreur, dit un juge lefigaro.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lefigaro.fr Daily Mail and Mail on Sunday newspapers.