August 19, 2020
Citibank sent a hedge fund 175 million by mistake Now its struggling to get the money back
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Citibank has a big problem: It mistakenly wired roughly $175 million to Brigade Capital Management, and the hedge fund hasn't returned the money.
The US banking giant filed a lawsuit Monday in the Southern District of New York, seeking the return of funds that it said were transferred in an "operational mistake."
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