4 ms·

They can almost always claw it back.

• berberous 4y ago
  Yes, but not always: https://www.cnn.com/2021/02/16/business/citibank-revlon-lawsuit-ruling https://www.cnn.com/2021/02/16/business/citibank-revlon-laws...
  • bombcar 4y ago
    But always: https://www.reuters.com/markets/us/citigroup-wins-appeal-over-mistaken-revlon-wire-transfer-2022-09-08/ https://www.reuters.com/markets/us/citigroup-wins-appeal-ove...
  • jefftk 4y ago
    Citibank won on appeal: https://www.reuters.com/markets/us/citigroup-wins-appeal-over-mistaken-revlon-wire-transfer-2022-09-08/ https://www.reuters.com/markets/us/citigroup-wins-appeal-ove... Citigroup Inc is entitled to recoup about $500 million of its own money that it accidentally wired Revlon Inc lenders three years early, a U.S. appeals court said on Thursday. Reversing a lower court ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan said it was improper to give the lenders a "huge windfall" by letting them keep Citigroup's money, and that they had been on notice the wiring was a mistake.