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I believe the $900M was merely paid earlier than it needed to be, but was still owed, so why the transaction wasn't reversed.
by loceng 5y ago
I believe the $900M was merely paid earlier than it needed to be, but was still owed, so why the transaction wasn't reversed.
- mdavis6890 5y agoYes, but still normally this mistake would be unwound. The recipients would just send the money back, or a court would tell them to send it back, even though the money was owed. But there were a number of confounding factors - for example that the money wasn't owed by Citi - it was owed by someone else and Citi was just paying on their behalf.