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 after a series of errors.
Citigroup Almost Made an $81 Trillion Mistake
Citigroup accidentally moved to transfer $81 trillion to a customer. Yes, trillion. A bank employee mistakenly entered the absurdly high figure last year while trying to manually input a transfer to a client’s escrow account,
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 to fix,
Citigroup employee accidentally credits $81 trillion instead of $280 into customer’s account. Here’s what happened next
Citigroup’s employees accidentally credited $81 trillion into a customer’s account instead of $280. This error was later flagged by another employee and the transaction was reversed to recover the lost amount.
Citigroup credits S$109 trillion into client's account instead of S$378, only finds out 1.5 hours after transfer
Citigroup wrongly credited US$81 trillion (S$109 trillion) to a customer's account instead of the intended US$280 (S$378). According to The Financial Times (FT), the mistake, which happened in April 2024, was missed by two employees.
Citigroup erroneously credited client account with $81tn in ‘near miss’
Citigroup credited a client’s account with $81tn when it meant to send only $280, an error that could hinder the bank’s attempt to persuade regulators that it has fixed long-standing operational issues.
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
Citi mistakenly credited customer account $81T, FT reports
Citi (C)group erroneously credited $81T, instead of $280, to a customer’s account and took hours to reverse the transaction, a “near miss” that
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 embarrassing “near miss” for a bank that has struggled to fix operational issues.
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 mistakenly credits customer account $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 ...
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 ...
Oops. Citigroup credits $81 trillion to customer's account
The customer was only meant to receive $280, but Citi instead credited their account with $81 trillion last April — which not ...
‘Citigroup credits $81tn to a/c instead of $280’
Citigroup erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the ...
Essex Property Trust to Present at The 2025 Citigroup Global Property CEO Conference
Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a ...
Bath & Body Works gains another bull as Citigroup flips to a Buy
After several years of sales and margin declines, Bath & Body Works’ (NYSE:BBWI) sales in the second half of 2024 inflected ...