Citi’s $81 trillion mixup underscores the risks of manual accounting
Top accounting talent remains essential in the financial services industry. And a "near miss" that almost cost Citigroup ...
Citigroup Makes (and Then Fixes) an $81 Trillion Mistake
The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems ...
Citi mistakenly credits $81 trillion to customer account
Citigroup reported the "near miss" to the Federal Reserve and the Office of the Comptroller of the Currency, according to the ...
Another 'near miss': Citigroup mistakenly credited a customer account with $81 trillion
Citigroup mistakenly credited a customer's account with $81 trillion last year when it meant to send just $280. The payment, ...
Citigroup’s $81 trillion mistake is a warning ‘that operational risk is still a ticking time bomb in banking,’ expert says
It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead ...
Citigroup accidentally credited a customer's account with $81 trillion
Citigroup (C) mistakenly credited $81 trillion to a customer’s account last year and took hours to reverse the transaction, ...
Citi's latest blunder: an $81 trillion 'inputting error'
No money left the bank, but the "inputting error" came amid CEO Jane Fraser's efforts to convince regulators she's fixing the ...
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Citigroup Credits Customer With $81 Trillion by Mistake
Citigroup mistakenly credited one of their customers $81 trillion when it was initially supposed to be $280. According to a ...
Citi bungle briefly credits client’s account with $81 trillion — instead of $280
Citigroup credited $81 trillion to a customer’s account, instead of just $280, and took hours to reverse the transaction — an ...
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Citigroup Mistakenly Transfers $81 Trillion Instead of $280 in Major Banking Error
Citigroup has mistakenly credited a client with $81trn instead of $280, exposing serious lapses in its internal transaction ...
Citigroup Briefly Makes Customer the Richest Person in History With Mistaken $81 Trillion Transfer
Last year, an employee at Citigroup accidentally initiated a fund transfer to a customer’s account that would have made them ...
Citigroup mistakenly credited a customer account with $81 trillion
Citigroup erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the transaction, a “near miss” that shows up the bank’s operational issues it has sought ...