Citigroup Can Get Trapped With Big Chunk Of Troubled Revlon Debt
It was hardly the position that the bankers of Citigroup Inc. signed up to when they helped Ron Perelman’s Revlon Inc. borrow $1.8 billion in 2016. But now the back-office blunder leaves the corporate behemoth facing the risk of becoming one of the largest creditors of the struggling cosmetics empire.The unexpected decision of a New York judge on… Read More »