Citigroup Still At Odds With Hedge Fund Over Bank Payment Mistake

(Reuters) In an unusually public feud, Citigroup is engaged in a squabble with a creditor over the mistaken $900 million Revlon payments from earlier this year and the possible motivations for what happened, The Wall Street Journal .The disagreement began when Brigade Capital Management, which is a $28 billion money manager for Citigroup, disagreed with the bank over Citigroup’s aid to billionaire investor Ron Perelman in his restructuring of corporate loans for his company Revlon.

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