Two co-workers even approved the astronomical sum – more than 20 times the UK’s GDP – before it was sent to the client’s ...

Citigroup mistakenly credited a customer's account $81 trillion instead of $280 in April 2024, and multiple employees missed ...

An overview of how federal bank regulatory agencies examine banks for Bank Secrecy Act (BSA) compliance and the available ...

Last year, an employee at Citigroup accidentally initiated a fund transfer to a customer’s account that would have made them ...

FDIC cut 10% of staff as Trump's federal downsizing effort advances, fueling concerns over oversight and potential agency ...

Citigroup reported the "near miss" to the Federal Reserve and the Office of the Comptroller of the Currency, according to the ...

Two former employees of an Alva bank are the subject of enforcement actions by the OCC (Office of the Comptroller of the Currency). Larry DeWitt and Derek Heaton, former employees of BancCentral, N.A.

Citigroup credited $81 trillion to a customer’s account, instead of just $280, and took hours to reverse the transaction — an ...

It's only natural banks are going to make some mistakes given the number of transactions they handle on a daily basis.

Citigroup Inc (C) made $81 trillion mistake, but no loss of funds occurred, as two officials failed to detect error and a third employee detected it later.

The agency was created by lefty Sen. Elizabeth Warren and former President Barack Obama in the aftermath of the 2008 financial crisis as a consumer protection regulator.

The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems ...