Citigroup Makes (and Then Fixes) an $81 Trillion Mistake
The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems after a series of errors.
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Citi mistakenly credits $81 trillion to customer account
Citigroup reported the "near miss" to the Federal Reserve and the Office of the Comptroller of the Currency, according to the Financial Times.CBS News - 1h -
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Citigroup erroneously credited client account with $81tn in ‘near miss’
Incident comes as US bank seeks to assuage regulatory concerns over its risk management processesFinancial Times - 12h -
Citigroup credited client’s account with $81tn before error spotted
US bank meant to send $280 but no funds were transferred despite ‘fat finger’ mistake. The US bank Citigroup credited a client’s account with $81tn when it meant to send $280 – before the “fat ...The Guardian - 8h -
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