Recipients of Citigroup Inc.’s $900 million error couldn’t help but mock the bank -- and that could help it get the money back.
“I feel really bad for the person that fat-fingered a $900 million payment,” a vice president at HPS Investment Partners told another executive the day after the Aug. 11 transfers, according to an excerpt highlighted in court. “Not a great career move.”
The flash crash had nothing to do with a fat-fingered trade
The British pound endured one of its biggest falls ever on Friday — with some in the markets blaming trading robots or a fat-fingered typo for sending the currency down a precipitous 6 percent in just a couple of minutes.
Various reasons have been cited for the drama involving one of the world’s oldest currencies. Some say a trader made a “fat finger” mistake while typing in a market order.