![]() ![]() “We believe we are entitled to the funds and will continue to pursue a complete recovery of them. “We strongly disagree with this decision and intend to appeal,” a Citi spokesperson said Tuesday. Withdrawals, deposits, transfers, and balance. “Indeed, to believe otherwise-to believe that Citibank, one of the most sophisticated financial institutions in the world, had made a mistake that had never happened before, to the tune of nearly $1 billion-would have been borderline irrational.” Chief Critic No Chase fees for domestic and international wire transfers available in person, on the phone, or online. faced with these circumstances, the non-returning lenders believed, and were justified in believing, that the payments were intentional,” Furman ruled on Friday. “It appears that no mistake of the size or nature of Citibank’s had ever happened before. After the bank’s accidental repayment, a slew of lawsuits against receiving lenders helped Citi recoup about $400 million from the accidental repayment. The blunder in August added fuel to regulatory scrutiny facing Citigroup over its internal record-keeping practices, and in October the Office of the Comptroller of the Currency fined the bank $400 million for deficiencies in risk management, data governance and internal controls.
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