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Citigroup Incorrectly Credits $81T in Client's Account

Hosted on MSN · 2d

Citigroup Incorrectly Credits $81T in Client's Account in "Near Miss"

Citigroup, Inc. C accidentally credited a client’s account with $81 trillion when it was supposed to credit only $280. This error could delay the bank’s attempt to influence regulators that it has fixed long-standing operational issues.

New York Post on MSN · 5d

Citi bungle briefly credits client’s account with $81 trillion — instead of $280

Citigroup credited $81 trillion to a customer’s account, instead of just $280, and took hours to reverse the transaction — an embarrassing “near miss” for a bank that has struggled to fix operational issues.

Bloomberg L.P. · 5d

Citi Accidentally Credits Client Account With $81 Trillion: FT

Citigroup Inc. erroneously credited $81 trillion to a customer’s account instead of $280 last April before reversing the transaction hours later, according to the Financial Times.

5d

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 ...

5don MSN

Citigroup’s $81 trillion mistake is a warning ‘that operational risk is still a ticking time bomb in banking,’ expert says

It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead ...

1d

Why Bank Stocks JPMorgan Chase, Wells Fargo, and Citigroup Are Getting Slammed Today

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.

Stocktwits on MSN5d

Citi Reportedly Transfers $81T To Client Account Erroneously, Mistake Rectified Within Hours – Stock, Retail Stay Unswayed

Citigroup Inc (C) stock drew unwanted attention on Friday after a report said the bank incorrectly credited $81 trillion into ...

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