New York (CNN Business)After committing one of the "biggest blunders in
banking history," Citibank won't be allowed to recover the almost half a
billion dollars it accidentally wired to Revlon's lenders, a US District
Court judge ruled.

Citibank, which was acting as Revlon's loan agent, meant to send about $8
million in interest payments to the cosmetic company's lenders.  Instead,
Citibank accidentally wired almost 100 times that amount, including $175
million to a hedge fund. In all, Citi (C) accidentally sent $900 million to
Revlon's lenders.

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