A routine $280 payment into a customer’s account at Citigroup spiraled into an $81 trillion mistake last April, highlighting ...
The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems ...
Citigroup accidentally moved to transfer $81 trillion to a customer. Yes, trillion. A bank employee mistakenly entered the ...
Citigroup erroneously credited $81 trillion, instead of $280, to a customer's account and took hours to reverse the ...
Citi confirmed that the error stemmed from a manual error and was unrelated to any finance-related controls or ...
No money left the bank, but the "inputting error" came amid CEO Jane Fraser's efforts to convince regulators she's fixing the ...
Citigroup mistakenly credited a customer's account $81 trillion instead of $280 in April 2024, and multiple employees missed ...
The customer was only meant to receive $280, but Citi instead credited their account with $81 trillion last April — which not ...
Citigroup Inc. erroneously credited $81 trillion to a customer’s account instead of $280 last April before reversing the ...
Citigroup erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the ...
Last year, an employee at Citigroup accidentally initiated a fund transfer to a customer’s account that would have made them ...
Citigroup mistakenly credited a customer's account with $81 trillion last year when it meant to send just $280. The payment, ...