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Citigroup credited a client’s account with $81tn when it meant to send only $280, ... The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code ...

Citigroup is poised to increase provisions for potential bad loans by hundreds of millions of dollars for the second quarter, in a sign of growing financial stress among US consumers and businesses.

Citigroup’s recent reports offer a roadmap for how financial institutions, businesses, and governments can adapt to a digital ...

Citigroup mistakenly credited one of their customers $81 trillion when it was initially supposed to be $280. According to a report by the Financial Times, the fumble occurred last April after a ...

Last year, Citi had a total of 10 "near misses" of $1 billion or greater, the Financial Times reported. Near misses are when a bank mistakenly credits a customer's account with the wrong amount ...

Citi opened the office in 2022 at the height of a post-pandemic battle for talent in the financial services industry, and at a time when banks were facing criticism for failing to prevent staff ...