Citigroup credited a client’s account with $81tn when it meant to send only $280, an error that could hinder the bank’s ...

Last year, Citi had a total of 10 "near misses" of $1 billion or greater, the Financial Times reported. Near misses are when ...

In this FT Money cover story Philip tracks the evolution of the investment management industry over the past three decades.

The payment was reversed several hours later, according to an internal account of the event seen by the Financial Times and two people familiar with the event. No funds left Citi, which disclosed ...

Wells Fargo views the Financial Times’ reporting Friday on Citi’s (C) near-miss money transfers as backward looking with no impact to the ...

Citigroup intended to send $280 to a customer account, but instead credited the account with $81 trillion, the Financial ...

Citigroup, Inc. C accidentally credited a client’s account with $81 trillion when it was supposed to credit only $280. This ...

The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems ...

Last year, an employee at Citigroup accidentally initiated a fund transfer to a customer’s account that would have made them ...

Citigroup mistakenly credited a customer's account $81 trillion instead of $280 in April 2024, and multiple employees missed ...