Shares of banks and lenders were nearly flat as the Fed minutes showed officials grappled with how to spur growth amid low rates and rising virus cases when they met on July 28-29. The Fed's next meeting is scheduled for Sept. 15-16.
Citigroup widened its effort to claw back money it wired to Revlon lenders, suing more investment firms that say they don't believe a major financial institution sent them portions of a $900 million payment by mistake.
The bank said it wrongly sent $127.3 million to HPS Investment Partners LLC and $109.7 million to Symphony Asset Management LLC and wants a New York federal court to force them to return the money. The bank has blamed human error for the transactions, which fully paid off a loan issued by Revlon in 2016 out of the bank's own funds.
Write to Amy Pessetto at amy.pessetto@dowjones.com
