Tag Archives: Citibank sues for $176m payment made in error

US banking giant Citigroup has asked a federal court to force hedge fund Brigade Capital to return $176m (£134m). The money is part of the $900m the bank accidentally transferred to creditors of the struggling cosmetics company Revlon. The bank says it meant to send Brigade just $1.5m to cover interest on a loan the hedge fund holds. Citigroup blames ...

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