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A comment on Judge: Citibank isn't entitled to $500M it sent to various creditors last August. Parent comment

Re:Judge: Citibank isn't entitled to $500M it sent to variou... by jacurtis on Thursday February 18, 2021 @11:02AM (#26181443)
Well the underlying issue was that they accidentally sent the money in the first place. The fact that they were on bad terms with their creditors meant that they couldn't correct the mistake after it happened.

> The mistake wouldn't have mattered much...

Accidentally sending nearly 1 Billion dollars is a pretty big mistake and it matters a lot. You can't just be throwing hundreds of millions of dollars into people's accounts and think its not a big deal because they will "probably" give it back.

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Re:Judge: Citibank isn't entitled to $500M it sent to variou... by maxwell on Thursday February 18, 2021 @11:22AM (#26181748)
Maybe. A billion here, a billion there. Judging from that UI and overview of their process/controls, I can't imagine this was the first time something like this happened.

It seems noteworthy because they didn't quickly restructure the debt. They weren't throwing money into random accounts, they accidentally sent payments early.

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