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.

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

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

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 ...

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.

The near-error occurred after a staffer handling the transfer copied and pasted the account number into a field for the dollar figure, which was detected on the next business day.