Re:Citibank's $900M Blunder
by crb002 on Thursday August 20, 2020 @01:46PM
(#24226136)
"Revlon was expected to transfer a few million dollars to some of its lenders." - Brigade was owed money, and while Brigade must return funds in excess of the loan, it can't be forced to reloan the money - Citgroup would have to cure by pulling out their own checkbook to loan Revlon.
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