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Law360's Pro Say: Citibank's $900 Million Mistake

Law360 (February 19, 2021, 9:17 PM EST) -- Last August, Citibank accidentally paid $900 million to creditors of cosmetics giant Revlon, "one of the biggest blunders in banking history," according to a federal judge who this week rubbed salt in the wound by ruling that the bank cannot reclaim the bulk of the erroneous payment....

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