FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren

21 Aug 2020 10:50PM
(Updated: 21 Aug 2020 11:00PM)

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REUTERS: Citigroup Inc filed a third lawsuit on Friday in its latest attempt to recoup nearly US$1 billion it mistakenly sent to lenders of Revlon Inc.

The third largest U.S. bank has so far sued a dozen firms after an "operational error" caused it to transfer US$900 million of its own funds to Revlon creditors one day after the troubled cosmetics company was sued over its restruRead More – Source

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