Citibank $900 Million Fiasco

Citibank $900 Million Fiasco

In 2020, Citibank accidentally sent $900 million to lenders of the makeup company Revlon. It's an unwritten rule in the financial world that such huge payments sent by mistake are sent back. That's what everyone thought would happen, but that money was never sent back. When this case went to court, it surprised everyone when the court ruled that the lenders could keep it.

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