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.
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.
Citigroup Mistakenly Credited Customer's Account $81 Trillion — and Multiple Employees Missed the Error
Once caught, it took the bank several hours to reverse the erroneous transaction, which occurred in April 2024
Citi accidentally credits client account with $81 trillion: FT
A total of 10 near misses of $1 billion or more occurred at Citigroup Inc. last year, according to the FT, citing an internal report.
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 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 deposits $81 Trillion into customer’s account
ALBAWABA - In a startling banking error, Citigroup mistakenly transferred $81 trillion into a customer's account instead of the intended $280, according
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 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'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 bank's controls.
Citigroup Made a $81 Trillion Error: 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. The bank called it a "near miss.
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, ...