According to @business, a virtually unknown trader executed a $2.6 billion trade that burned multiple Wall Street banks and is now central to a London lawsuit. Source: Bloomberg https://www.bloomberg.com/news/features/2025-10-05/citigroup-goldman-mufg-among-banks-burned-in-2-6-billion-trade According to @business, Bloomberg identifies Citigroup, Goldman Sachs, and MUFG among the affected institutions, with due diligence described as 'almost comically absent.' Source: Bloomberg https://www.bloomberg.com/news/features/2025-10-05/citigroup-goldman-mufg-among-banks-burned-in-2-6-billion-trade