AOL29d
Citigroup’s $81 trillion mistake is a warning ‘that operational risk is still a ticking time bomb in banking,’ expert says
Citigroup accidentally credited a customer account $81 trillion instead of $280 last April. It took three employees and several hours to realize and correct the error ...
NDTV28d
Citigroup Credited $81 Trillion In Account Instead Of $280 By Mistake: Report
Citigroup accidentally credited an account with $81 trillion instead of $280 as it meant to before catching the error, the Financial Times reported. The snafu, a "near miss" in banking industry ...
Yahoo Finance29d
Citigroup accidentally credited a customer's account with $81 trillion
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 ...
The Financial Express25d
Citigroup nearly transferred $6 billion to a customer by mistake, all thanks to copy-paste
Citigroup Inc. nearly transferred about $6 billion to a customer’s account by mistake after an employee inadvertently copied and pasted the account number into the field designated for the ...
USA Today26d
Citigroup almost sent $6 billion to wealth account in copy-paste error, Bloomberg reports
Citigroup C.N nearly credited about $6 billion ... adding that the process at the center of the first reported incident has since been fully automated. In January, Citi cut its closely watched ...
Euronews29d
Citigroup credits client’s account with $81tn in ’fat finger’ mistake
An error almost led to a Citigroup account being credited with $81tn (€77.8tn) - an amount that is about 5 times the total wealth of the UK, which was estimated at ...
Benzinga.com29d
Citigroup Accidentally Sends $81 Trillion To Client, Reverses Error Within Hours (UPDATED)
Citigroup mistakenly credited $81 trillion instead of $280, reversing the error hours later. Citi faced 10 major near-miss errors in 2024, down from 13 in 2023, amid ...
People28d
Citigroup Mistakenly Credited Customer's Account $81 Trillion — and Multiple Employees Missed the Error
Michael Nagle/Bloomberg via Getty A Citigroup customer may have been surprised to see quite a few extra zeros in their account balance after the bank credited the account $81 trillion instead of $ ...
Mint29d
Citigroup employee accidentally credits $81 trillion instead of $280 into customer’s account. Here’s what happened next
Citigroup has reportedly made 10 near misses of $1 billion or more in the last one-year period.(Getty Images via AFP) The US-based multinational investment bank Citigroup's employees accidentally ...
Black Enterprise26d
Citigroup Erroneously Credits $81 Trillion To Customer’s Account, Highlighting Years Of Operational Failures
The $81 trillion incident serves as a stark reminder of the risks posed by outdated processes and the importance of accountability in the financial sector. A routine $280 payment into a customer ...
Reuters27d
Citigroup almost sent $6 billion to wealth account in copy-paste error, Bloomberg reports
March 3 (Reuters) - Citigroup (C.N), opens new tab nearly ... adding that the process at the center of the first reported incident has since been fully automated. In January, Citi cut its closely ...