2 ms·

https://www.cnn.com/2021/02/16/business/citibank-revlon-lawsuit-ruling/index.html https://www.cnn.com/2021/02/16/business/citibank-revlon-laws... Just sayin…

• xadhominemx 5y ago
  This story is only notable because mistaken transactions get reversed all the time. This scenario was the result of a strange but intentional quirk in the law.
• JackFr 5y ago
  Of course the big difference is Citi actually owed that money.
• pb7 5y ago
  Did you read your own link past the headline? Citi accidentally repaid the loan in its entirety earlier than necessary. No money was lost or stolen. The lender decided to keep the early repayment of its money which is legally allowed.
  • Gatsky 5y ago
    Yes, I did. Did you read the comment I was replying to? Isn’t it ‘endlessly amusing’ to observe one of the biggest banks in the world discover why the finance system works the way it does? And if it was ‘no big deal’ then why did Citibank sue to get the money returned? I don’t use or advocate for DeFi, but the weird smugness of random people defending the existing financial system is quite off putting and frankly hard to understand given the last few decades.