Citigroup

Today In Payments: Citigroup’s $900M Error Caused By Software Update; Facebook Rolls Out In-App Marketplace
Today In Payments: Citigroup’s $900M Error Caused By Software Update; Facebook Rolls Out In-App Marketplace
August 26, 2020  |  News

In today’s top news, Citigroup’s $900 million “clerical error” occurred during a software update, and Facebook introduced a new marketplace in its Facebook shop app....

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Report: Citigroup’s $900M Error Was Caused By Software Installation
Report: Citigroup’s $900M Error Was Caused By Software Installation
August 26, 2020  |  Banking

Citigroup Inc. has discovered obsolete software caused a nearly $1 billion problem earlier this month. Get the Full Story Complete the form to unlock this...

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Citigroup Back To Federal Court Over $900M Error
Citigroup Back To Federal Court Over $900M Error
August 21, 2020  |  Legal

Citigroup Inc. returned to court Friday (Aug. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Citigroup Files Suit To Recover $900M In Mistakenly Transferred Funds
Citigroup Files Suit To Recover $900M In Mistakenly Transferred Funds
August 19, 2020  |  Legal

There are banking mistakes, and then there is Citigroup’s $900 million Revlon loan blunder. Get the Full Story Complete the form to unlock this article...

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Citi: Why Retailers Now See Treasurers As The Most Important People In The Room
Citi: Why Retailers Now See Treasurers As The Most Important People In The Room
August 19, 2020  |  Omnicommerce

COVID-19 turned the idea of multichannel commerce from one possible strategy for businesses to basically the only game in town. Corporate organizations of all descriptions...

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Judge Stops $175M Revlon Loan Payment For Citi
Judge Stops $175M Revlon Loan Payment For Citi
August 18, 2020  |  Legal

Citigroup‘s request to freeze around $175 million in funds that were paid to hedge fund manager Brigade Capital Management by mistake has been granted by...

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Today In Payments: Oracle Latest Potential TikTok Buyer; Citibank Files Suit For $176M Mistaken Payment
Today In Payments: Oracle Latest Potential TikTok Buyer; Citibank Files Suit For $176M Mistaken Payment
August 18, 2020  |  News

In today’s top news, Oracle is reportedly looking to acquire TikTok, and Citigroup filed suit to reclaim $176 million that it mistakenly sent to Brigade...

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Citibank Files Suit For $176M Payment Made By Mistake
Citibank Files Suit For $176M Payment Made By Mistake
August 18, 2020  |  Debt

Citigroup Inc. has asked a federal judge to order Brigade Capital Management LP to return $176 million accidentally paid to the New York-based global investment...

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Citi Wants Revlon Lenders To Return $900M Paid In Error
Citi Wants Revlon Lenders To Return $900M Paid In Error
August 14, 2020  |  Loans

Citigroup Inc. paid nearly $900 million by mistake to Revlon Inc. lenders due to a clerical error and wants its money back, Bloomberg News reported....

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