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They Don’t Make $1 Billion Mistakes — The Rise of Fintech

They Don’t Make $1 Billion Mistakes — The Rise of Fintech

by Charles Mizrahi | Feb 22, 2021 | American Investor Today, Citigroup, Fintech, Investment Opportunities, News, Technology, Wells Fargo

Any other company could’ve gone bankrupt for such a mistake… In 2020, Citigroup — America’s fourth-largest bank — meant to make a small interest payment to lenders who had backed beauty company Revlon. Instead, the bank accidentally paid the $900 million loan in full....

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