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There's a 1.8 billion loan outstanding, split between several lenders. Citi accidentally paid half of that loan back to some of the lenders, transferring 900 mi
by twic 6y ago
There's a 1.8 billion loan outstanding, split between several lenders. Citi accidentally paid half of that loan back to some of the lenders, transferring 900 million. All the lenders but one returned the payment, leaving 176 million in dispute.
So, Citi did make a 900 million dollar blunder, as the headline says, but the subject of the story is that remaining 176 million. It's a misleading headline, not because it's not true, but because it doesn't describe the subject of the article.