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’s $81 trillion blunder: how a ‘fat finger’ mistake was caught
Citigroup narrowly avoided what could have been one of the largest banking blunders in history after it mistakenly credited a ...
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 ...
CNN6d
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 ...
Citigroup mistakenly credits customer account $81 trillion in "near miss", FT reports
Citigroup erroneously credited $81 trillion, instead of $280, to a customer's account and took hours to reverse the ...
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 ...
Yahoo Finance6d
Citigroup mistakenly credited a customer account with $81 trillion in "near miss", FT reports
"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 July, Citi was ...