Citi loses $500M, and why verification UIs should switch modes

from blog Alex W.'s Blog, | ↗ original
This is hilarious. Last August, Citigroup Inc. wired $900 million to some hedge funds by accident. Then it sent a note to the hedge funds saying, oops, sorry about that, please send us the money back. Some did. Others preferred to keep the money. Citi sued them. Yesterday Citi lost, and they got to keep the money. -Matt Levine @ Bloomberg Here’s...