It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead ...
The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems ...
No money left the bank, but the "inputting error" came amid CEO Jane Fraser's efforts to convince regulators she's fixing the ...
Citigroup accidentally moved to transfer $81 trillion to a customer. Yes, trillion. A bank employee mistakenly entered the ...
Last year, an employee at Citigroup accidentally initiated a fund transfer to a customer’s account that would have made them ...
Citigroup reported the "near miss" to the Federal Reserve and the Office of the Comptroller of the Currency, according to the ...
Once caught, it took the bank several hours to reverse the erroneous transaction, which occurred in April 2024 ...
The customer was only meant to receive $280, but Citi instead credited their account with $81 trillion last April — which not ...
A customer of Citigroup was given a big surprise after it had mistakenly transferred $81 trillion dollars into the customer's ...
Citigroup Inc. erroneously credited $81 trillion to a customer’s account instead of $280 last April before reversing the ...
Citigroup accidentally credited an account with $81 trillion instead of $280 as it meant to before catching the error, the ...
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 ...