CNN BUSINESS | Citibank sent a hedge fund $175 million by mistake. Now it’s struggling to get the money back

London (CNN Business) – Citibank has a big problem: It mistakenly wired roughly $175 million to Brigade Capital Management, and the hedge fund hasn’t returned the money.

The US banking giant filed a lawsuit Monday in the Southern District of New York, seeking the return of funds that it said were transferred in an “operational mistake.”  —more—