By JACK NEWMAN
FOR DailyMail.com MAILONLINE
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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In this article:$893 million, Citibank, Citibank out $500 million, Citigroup, New York Judge says Citibank can't get back $500M, Revlon
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