Once caught, it took the bank several hours to reverse the erroneous transaction, which occurred in April 2024 ...
The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems ...
Citigroup (C) mistakenly credited $81 trillion to a customer’s account last year and took hours to reverse the transaction, ...
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An employee caught the mistake quickly, but the bank has recently made other errors that have drawn scrutiny and fines from ...
It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead ...
Citigroup credited a client’s account with $81tn when it meant to send only $280, an error that could hinder the bank’s ...
Citigroup credited $81 trillion to a customer’s account, instead of just $280, and took hours to reverse the transaction — an ...
Last year, an employee at Citigroup accidentally initiated a fund transfer to a customer’s account that would have made them ...
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Stocktwits on MSNCiti Reportedly Transfers $81T To Client Account Erroneously, Mistake Rectified Within Hours – Stock, Retail Stay UnswayedCitigroup Inc (C) stock drew unwanted attention on Friday after a report said the bank incorrectly credited $81 trillion into ...
Citigroup reported the "near miss" to the Federal Reserve and the Office of the Comptroller of the Currency, according to the ...
No money left the bank, but the "inputting error" came amid CEO Jane Fraser's efforts to convince regulators she's fixing the ...
Citigroup erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the ...
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