A routine bank transfer took an unimaginable turn when a Citigroup client saw his balance skyrocket to $81 trillion. The ...

The lawmaker could not have foreseen the ensuing weeks of headlines as his placeholder bill began to attract media attention.

Shares of JPMorgan Chase (NYSE: JPM), the largest bank in the U.S. by assets, traded nearly 5% lower as of 10:52 a.m. ET. Shares of Wells Fargo (NYSE: WFC) traded 6.5% lower at that time, while shares ...

Citigroup’s $81 trillion error highlights ongoing struggles to fix operational issues as regulatory pressure on the bank ...

Shares of JPMorgan Chase ( JPM -3.98%), the largest bank in the U.S. by assets, traded nearly 5% lower as of 10:52 a.m. ET.

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The near-miss in Citigroup’s wealth-management business magnified the intended amount by more than a thousand times and was ...

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This week has seen a peculiar case in the banking sector where a clerical error almost transferred $6 billion to wealth ...

Citigroup nearly transferred $6 billion to a customer due to a copy-paste mistake. A staffer accidentally entered an account ...

(CNN) – Citigroup made a costly error before reversing course. The bank accidentally credited a customer’s account with $81 ...

Citigroup's $81 trillion mistake sparks concerns over operational controls and regulatory oversight, prompting investments in upgrades.