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Citi Trial Ends With Bank Arguing Clear Error Requires Repayment

Citi Judge Issues ‘Black Swan’ Warning to Bankers as Trial Ends Bloomberg 12/16/2020 Chris Dolmetsch, Katherine Doherty and Jenny Surane © Bloomberg Citigroup Inc. Citibank signage is displayed outside a bank branch in New York, U.S., on Thursday, July 9, 2020. Citigroup is scheduled to release earnings figures on July 14. (Bloomberg) Citigroup Inc. urged a federal judge to make a set of Revlon Inc. lenders return half a billion dollars it accidentally sent them in August, as a weeklong trial drew to a close. Popular Searches U.S. District Judge Jesse Furman in Manhattan wrapped up the trial, over the biggest bank error in recent memory, with a stern warning to Wall Street.

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