{"id":75522,"date":"2020-09-08T02:02:43","date_gmt":"2020-09-08T06:02:43","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=75522"},"modified":"2020-09-08T02:02:43","modified_gmt":"2020-09-08T06:02:43","slug":"citigroup-still-at-odds-with-hedge-fund-over-bank-payment-mistake","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2020\/citigroup-still-at-odds-with-hedge-fund-over-bank-payment-mistake.html","title":{"rendered":"Citigroup Still At Odds With Hedge Fund Over Bank Payment Mistake"},"content":{"rendered":"\n<p>(Reuters) In an unusually public feud, <a rel=\"noreferrer noopener\" href=\"http:\/\/citigroup.com\" target=\"_blank\">Citigroup<\/a> is engaged in a squabble with a creditor over the mistaken $900 million <a rel=\"noreferrer noopener\" href=\"http:\/\/revlon.com\" target=\"_blank\">Revlon<\/a> payments from earlier this year and the possible motivations for what happened, The <a rel=\"noreferrer noopener\" href=\"https:\/\/www.wsj.com\/articles\/citigroup-feuds-with-hedge-funds-over-botched-payment-11599493534?mod=hp_lead_pos5\" target=\"_blank\">Wall Street Journal<\/a> .The disagreement began when <a rel=\"noreferrer noopener\" href=\"http:\/\/www.brigadecapital.com\/\" target=\"_blank\">Brigade Capital Management<\/a>, which is a $28 billion money manager for Citigroup, disagreed with the bank over Citigroup&#8217;s aid to billionaire investor <a rel=\"noreferrer noopener\" href=\"https:\/\/en.wikipedia.org\/wiki\/Ronald_Perelman\" target=\"_blank\">Ron Perelman<\/a> in his restructuring of corporate loans for his company Revlon.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.pymnts.com\/legal\/2020\/citigroup-still-at-odds-with-hedge-fund-over-bank-payment-mistake\/\">To read this article:<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(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 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75522","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=75522"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75522\/revisions"}],"predecessor-version":[{"id":75523,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75522\/revisions\/75523"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=75522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=75522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=75522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}