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NY judge says Citibank can’t get back $500 MILLION it accidentally sent out to 10 companies



A judge has ruled Citibank cannot recoup half a billion dollars of its own money that it accidentally wired to lenders in one of the ‘biggest blunders in banking history’.

Citigroup intended to wire a $7.8million interest payment on August 11 to lenders for cosmetic company Revlon, acting as its loan agent.

But the bank accidentally transferred $893million, appearing to pay off an entire loan which was not due until 2023…

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