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 ...
Citi’s $81 trillion mixup underscores the risks of manual processes
Top accounting talent remains essential in the financial services industry. And a "near miss" that almost cost Citigroup ...
Citigroup nearly credited client with $81 trillion instead of $280
This monumental mistake, previously unreported, has come to light at a critical time for Citigroup. The bank is currently striving to convince regulators that it has ...
Citigroup mistakenly credited a customer account with $81 trillion
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 ...
Reuters13d
Citigroup joins corporate retreat from diversity initiatives
Feb 20 (Reuters) - Citigroup (C.N), opens new tab will no longer require a diverse slate of candidates for job interviews, ...
New York Post5d
Citi bungle briefly credits client’s account with $81 trillion — instead of $280
“We saw the need to invest more in the transformation on data, on technology, on improving the quality of the information coming out of our regulatory reporting,” Mason said. In 2022, a Citi ...
Citigroup appoints Chris Biotti to lead private bank in North America
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
Citi’s $81 trillion mixup underscores the risks of manual accounting
Last year, Citi had a total of 10 "near misses" of $1 billion or greater, the Financial Times reported. Near misses are when ...
CNN5d
Citigroup mistakenly credited a customer account with $81 trillion
“We saw the need to invest more in the transformation on data, on technology, on improving the quality of the information coming out of our regulatory reporting,” Mason said. Last ...