Industry Groups Back Citi In 2nd Circ. Revlon Transfer Fight
By Jon Hill ( May 10, 2021, 9:13 PM EDT) -- Banking industry groups and other financial services trade associations are warning of costlier and slower payment transactions if the Second Circuit upholds a New York federal judge's decision allowing Revlon Inc. lenders to keep more than $500 million that Citibank NA accidentally wired them last summer....
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