Tag: Revlon

• Wednesday, August 19th 2020 - 08:46 UTC

  Citigroup with a record clerical error of US$ 900 million; a beneficiary refuses to hand back US$ 175 million

  

  Citigroup asked a US judge on Tuesday to freeze funds it mistakenly sent Revlon Inc creditors amid a lawsuit over one of the largest clerical errors by a bank in years. Last week, Citi repaid a nearly US$900 million loan made to Revlon, a day after lenders sued the cosmetic company over its restructuring tactics, but the repayment was made in error.