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 Financial Times.
Citi Accidentally Credits Client Account With $81 Trillion: FT
Citigroup Inc. erroneously credited $81 trillion to a customer’s account instead of $280 last April before reversing the transaction hours later, according to the Financial Times.
Citigroup Mistakenly Transfers $81 Trillion to Customer Account
A customer of Citigroup was given a big surprise after it had mistakenly transferred $81 trillion dollars into the customer's
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, which took place last April, was missed by two employees but caught 90 minutes after it was posted,
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 the wealthiest person in the history of human existence. The incident, which took place last April,
Citigroup mistakenly credits customer account with $81 trillion in "near miss", FT reports
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 to fix,
Citigroup Mistakenly Credited a Customer with $81 Trillion Instead of $280: 'Inputting Error'
An employee caught the mistake quickly, but the bank has recently made other errors that have drawn scrutiny and fines from regulators.
Citigroup’s $81 trillion transaction error raises compliance concerns
Citigroup's $81 trillion mistake sparks concerns over operational controls and regulatory oversight, prompting investments in upgrades.
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 ...
An $81 Trillion Banking Blunder at Citigroup
Citigroup’s latest $81 trillion blunder is a sad reminder of just how vulnerable even the world’s largest financial players ...
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 ...
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’s $81 trillion blunder: how a ‘fat finger’ mistake was caught
Citigroup narrowly avoided what could have been one of the largest banking blunders in history after it mistakenly credited a ...