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This article is part of Bain’s 2021 Global Private Equity Report. The only thing that multiplied faster than SPAC IPOs in 2020 were heated opinions on the market spectacle, both pro and con.
A federal judge has ruled that Citibank isn’t entitled to the return of $500 million it sent to various creditors last August. Kludgey software and a poorly designed user interface contributed to the massive screwup.
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