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Citigroup Urges Dismissal of New York’s ‘Misguided’ Lawsuit Over Online Scams

Apr 4 2024 // Citigroup on Tuesday urged a federal judge to dismiss New York Attorney General Letitia James’ lawsuit accusing its Citibank unit of failing to reimburse customers who fall victim to online scammers.While recognizing...

Citigroup Managing Director Sues Over Sexual Harassment

Nov 21 2023 // Citigroup was sued on Monday by a managing director who said a former top equities banker subjected her to sexual harassment and abuse including death threats.Ardith Lindsey said the New York-based bank, her employer since...

Citigroup in Talks to Recoup Errant $500M Revlon Loan Payment

Dec 2 2022 // Citigroup Inc. is negotiating the return of about $500 million it mistakenly paid a group of hedge funds and investment firms on a loan owed by Revlon Inc., the now-bankrupt cosmetics company controlled by billionaire...

Citigroup Wins Appeal Over Mistaken Revlon Wire Transfer

Sep 12 2022 // 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....

Citigroup Asks Appeals Court to Let It Recoup $504M Lost in Revlon Loan Pre-Pay Error

Sep 30 2021 // Citigroup Inc. on Wednesday pressed a federal appeals court to let it recoup about $504 million of its own money that it accidentally wired Revlon Inc. lenders, saying its mistake did not entitle them to a huge...

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