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.

Once caught, it took the bank several hours to reverse the erroneous transaction, which occurred in April 2024

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,

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.

An employee caught the mistake quickly, but the bank has recently made other errors that have drawn scrutiny and fines from regulators.

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.

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 (C) mistakenly credited $81 trillion to a customer’s account last year and took hours to reverse the transaction, The Financial Times reports. The bank was supposed to credit just $280.

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,