Citi Mocked by Asset Firms: ‘Take the Money and Run’ (Correct)

Recipients of Citigroup Inc.’s $900 million error couldn’t help but mock the bank -- and that could help it get the money back.

As it fights to recover funds it sent Revlon Inc. lenders in August, Citibank is working to convince a judge that the 10 asset managers it’s suing knew the payment was a mistake. At a trial on Monday, lawyers for the bank cited electronic chats between employees of some of the investment firms as evidence.

“I feel really bad for the person that fat-fingered a $900 million payment,” a vice president at HPS Investment Partners told ...