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."

To read this complete article visit CNN Business.

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