Citi confirmed that the error stemmed from a manual error and was unrelated to any finance-related controls or ...
Top accounting talent remains essential in the financial services industry. And a "near miss" that almost cost Citigroup ...
It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead ...
The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems ...
Citigroup erroneously credited $81 trillion, instead of $280, to a customer's account and took hours to reverse the ...
Citigroup accidentally moved to transfer $81 trillion to a customer. Yes, trillion. A bank employee mistakenly entered the ...
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 erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the ...
Citigroup Inc. erroneously credited $81 trillion to a customer’s account instead of $280 last April before reversing the ...
Last year, an employee at Citigroup accidentally initiated a fund transfer to a customer’s account that would have made them ...