Citibank’s balance sheet is likely breathing a sigh of relief. A Second Circuit panel held that the bank may finally recoup nearly $500 million in funds that it inadvertently.
A Second Circuit panel handed Citibank a win Thursday in its battle to recover $500 million the bank accidentally wired to a group of Revlon Inc. lenders, overturning a New York federal court's decision that said the lenders didn't have to return the money.
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