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Citibank 900 million error

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1.Citibank 900 million error

As it seeks through the courts to recover the erroneous Revlon payment, Citi — a bank with a $2.2 trillion balance sheet — says the person who processed the transfer “did not manually select …

2.Citibank 900 million error

Citi’s $900 Million ‘Clerical Error’ Is Worst Wall Street Bungle in a Long Time Katherine Doherty and Jenny Surane 8/15/2020 Live updates: U.S. reports highest daily death toll in more than six months

3.Citibank 900 million error

Citi Wired $900 Million In “Clerical Error”, They Won’t Hand Cash Back . It was a mistake for the ages — a “clerical error,” as Citigroup told lenders …

4.Citibank 900 million error

› Citi’s $900-million ‘clerical error’ is worst Wall Street bungle in a long time. Citi’s $900-million ‘clerical error’ is worst Wall Street bungle in a long time. … Around the same time the lawsuit was filed, the nearly $900 million — an amount equal to the full principal value of the loan, plus accrued interest …

5.Citibank 900 million error

Citi’s $900 million ‘clerical error’ is worst Wall Street bungle in a long time The wayward transfer of nearly a billion dollars appears to be one of the biggest screw-ups on Wall Street in ages, and it’s set tongues wagging in financial markets.

6.Citibank 900 million error

Read More: ‘Unjust Enrichment’ and Citi’s $900 Million Error: QuickTake “Defendants have a strong basis to suspect that Citibank applied pressure on those lenders that returned funds, …

7.Citibank 900 million error

Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired US$900 million, seemingly on behalf of Revlon Inc in what the bank said is a “clerical error”.

8.Citibank 900 million error

Citigroup transfers $900 million in ‘clerical error’. Yet to get the money back 3 min read. … loan operations staff at the New York bank wired $900 million, … A spokeswoman for Citi declined …

9.Citibank 900 million error

In addition, Buffett received warrants to buy 700 million shares of Bank of America common stock at a price of $7.14 anytime within the next 10 years.Right off the bat, Buffett was earning $300 …

10.Citibank 900 million error

The bank — which said it has been in the process of upgrading its loan operations platform after a review it undertook last year — said it mistakenly transmitted the payments after an employee didnt manually select the correct system options. But firms being sued to recoup the money said they havent been able to get the bank to explain its mistake.

News results

1.Citi Should Get Back Rest of $900 Million Flub, Trade Groups Say

Citigroup Inc. should have more than $500 million it says it mistakenly transferred to Revlon Inc. creditors returned, financial services trade groups told a federal judge ahead of a trial over the payments.

Published Date: 2020-11-25T19:32:00.0000000Z

2.‘Someone’s Losing Their Job’: Revlon Lenders Were Surprised at Citi’s $900 Million Mistake

When Citigroup accidentally used its own funds to repay nearly $900 million owed by Revlon, lenders were surprised at their unexpected payoff, according to internal chat and email messages.

Published Date: 2020-11-17T02:27:00.0000000Z

3.Groups Urge Judge To Let Citi Have The Rest Of Its $900M Back

Several trade groups are on Citi’s side in the dispute over $900 million in mistaken payment to creditors earlier this year.

Published Date: 2020-11-26T14:44:00.0000000Z

4.Citibank presents witness list in $900M payment error lawsuit

The legal proceedings launched by Citibank as it seeks to fix a $900 million payment mistake continue at the New York Southern District Court. Let’s note that the lawsuit concerns wire transfers from August 11,

Published Date: 2020-09-01T00:00:00.0000000Z

5.Someone’s Losing Their Job’: Revlon Lenders Expressed Surprise at Mistaken $900 Million Payment

Revlon Inc., lenders were surprised at their unexpected payoff, according to internal chat and email messages unearthed in litigation and made public by the bank. One lender couldn’t resist a joke at Citi’s expense.

Published Date: 2020-11-16T15:42:00.0000000Z

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1  Citi Wired $900 Million In “Clerical Error”, They Won’t Hand Cash Back
It was a mistake for the ages — a “clerical error,” as Citigroup told lenders — that’s now plunged the bank into a battle between the Perelman empire and a corps of sharp-edged investment funds that have become its impatient creditors. Web Page Reference: https://link-to.net/128430/ClericalError Please subscribe for more videos here: https …
Watch Video: https://www.youtube.com/watch?v=URTt8WDrw4Y

Wikipedia based search results

1.Citigroup

purchased by Citigroup in 2001; it serves about 20 million clients. Citicorp – the holding company for Citibank as well as several international banks. Citicorp…

2.Ted Cruz

and his wife had taken out nearly $1 million in low-interest loans from Goldman Sachs (where she worked) and Citibank, and failed to report them on Federal…

3.Year 2000 problem

such a glitch were in Germany, where upwards of 20 million bank cards became unusable, and with Citibank Belgium, whose digipass customer identification…

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