Citigroup mistakenly credited a customer's account $81 trillion instead of $280 in April 2024, and multiple employees missed ...
The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems ...
One of America’s biggest banks accidentally transferred more than $80 trillion (£64 trillion) to a customer’s account after a ...
Citigroup accidentally credited an account with $81 trillion instead of $280 as it meant to before catching the error, the Financial Time reported.
Citigroup credited $81 trillion to a customer’s account, instead of just $280, and took hours to reverse the transaction — an ...
Bank staff meant to send only $280. No funds left the bank, as the error was detected before the transaction was processed ...
A major Wall Street bank made a colossal error in 2024, when a customer whose account was due a credit of 280 bucks was ...
A customer of Citigroup was given a big surprise after it had mistakenly transferred $81 trillion dollars into the customer's ...
A total of 10 near misses of $1 billion or more occurred at Citigroup Inc. last year, according to the FT, citing an internal ...
Ideally, everyone should have a savings account. Accounts with high APYs are a good place to store your money and let compounding grow your nest egg over time. Some savings accounts limit how many ...
Citigroup erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the transaction, a “near miss” that shows up the bank’s operational issues it has sought ...
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