Searched for
CITIGROUP REVLON CASE
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 ...
- 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...
- Wipro employees had a role in Citibank's big blunder that saw $900 million goneThe case involves one where Citibank acted as an administrative agent for a term loan taken by Revlon, and where it was to wire approximate...
- US judge: Citigroup can't get back $500 million it wrongly paid outThe case centers on payments totaling some $500 million Citigroup sent in August 2020 to 10 financial companies who were parties to a term ...
- 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 ...
Load More
