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REVLON INC.
Citi copy-paste error almost sent $6 billion to a customer’s account by accidentCitigroup nearly transferred $6 billion to a customer by mistake due to a copy-paste error, shortly after another error of $81 trillion. Th...- Citi employee's typo leads to an $81 trillion transaction errorCitigroup accidentally credited $81 trillion to a customer's account instead of $280, later reversing the transaction. The error, detected ...
- Two Dabur cos get relief in multiple lawsuits in US court, 3rd entity to face chargesDabur International and Dermoviva were removed and got relief in the multiple suits due to lack of jurisdiction as they have not either man...
- Citigroup in talks to recoup errant $500 mln Revlon loan paymentIn a Thursday filing in Manhattan federal court, lawyers for the bank and the lenders said they have been discussing a "consensual resoluti...
- Meme stock rally could be sign that investor appetite for risk is returningGetty Images, which returned to public markets in late 2021 after merging with a SPAC, rallied nearly 35%, while Revlon Inc, which said las...
- Citi's $900-mn Revlon 'blunder' may get more painfulThe cosmetic giant filed for Chapter 11 bankruptcy protection recently.
- Despite global issues, Revlon pursuing growth in IndiaRevlon, which first made its mark in India with prominent standalone counters, exclusive kiosks and shop-in-shop outlets across malls and m...
- Mukesh Ambani's Reliance considering buying out Revlon in US, reports sayIndian conglomerate Reliance Industries may buy out Revlon Inc in the United States, days after the cosmetics giant filed for bankruptcy, E...
- Revlon files for bankruptcy facing high debt, supply chain painThe cosmetics giant owned by billionaire Ron Perelman sought court protection in the Southern District of New York, and listed both assets ...
- Cosmetics maker Revlon nears bankruptcy filingDemand for makeup products has bounced back in recent months as people across the world venture out more often. But Revlon, which faces sti...
- Barclays may report over $500 million loss due to debt-sale SnafuBarclays Bank is very famous due to its business in large fixed-income. The mistake is quite surprising due to this. Several investors and ...
- Citigroup needs a new strategy for its lagging Asian consumer banksCovid-19 hit Citi with $17.5 billion in credit losses and allowances, two-thirds of which were in global consumer banking. A $900 million p...
- Citigroup trial reveals chain of gaffes that led to the $900 million blunderAt the heart of the breakdown was a system known inside the bank as the “six eyes” approval process. Under the six-eyes protocol, three peo...
- Bank error in your favour: Citi’s fight to reclaim $900 millionUnless there’s a last-minute settlement, the trial -- over one of the biggest banking errors in recent memory -- will be closely watched on...
- From art worth millions to his 257-foot yacht, billionaire Ronald O. Perelman is selling almost everything as the pandemic roils his empireAt an age when most fellow billionaires are kicking back, Perelman, 77, is facing a range of financial challenges.
- Citigroup cites $900 million human error. Lenders are puzzledThe bank — which said it has been in the process of upgrading its loan operations platform after a review it undertook last year — said it ...
- Citi’s $900-million ‘clerical error’ is worst Wall Street bungle in a long timeThe "clerical error" has plunged the bank into a battle between the Perelman empire and a corps of sharp-edged investment funds that have b...
- A look at some inspiring and important women leading major corporationsThe corporate world will lose a prominent woman leader when Indra Nooyi steps down as CEO of PepsiCo in October, after a 24-year stint at t...
- A good screen while hunting for a multibagger is to look for GALP stocksMoney managers tend to become fond of their favourite stock screens, just as baseball players tend to prefer one bat over others. One of my...
- Revlon to eliminate 400 jobs in restructuringRevlon Inc. said on Thursday it will cut 400 jobs worldwide to help cut annual costs by $30 million as the cosmetics company continues to g...
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