by Charles Mizrahi | May 19, 2021 | American Investor Today, Banks, Fintech, Investment Opportunities, Stocks
It’s hard to believe that one of the biggest financial institutions in the world could make an almost $1 billion mistake. But that’s exactly what America’s fourth-largest bank did. Last year, Citigroup meant to make a small interest payment to lenders who had backed...
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....
