The near-miss in Citigroup's wealth-management business magnified the intended amount by more than a thousand times and was detected on the next business day ...
Citigroup nearly transferred $6 billion to a customer by mistake due to a copy-paste error, shortly after another error of ...
Citigroup (NYSE:C) nearly transferred $6 billion to a customers account in its wealth-management division due to a copy-paste ...
(CNN) – Citigroup made a costly error before reversing course. The bank accidentally credited a customer’s account with $81 ...
Citigroup's $81 trillion mistake sparks concerns over operational controls and regulatory oversight, prompting investments in upgrades.
The near-error occurred after a staffer handling the transfer copied and pasted the account number into a field for the dollar figure, which was detected on the next business day.
The financial mistake was corrected after it was caused by what a company spokesperson called an “inputting error." ...
The US bank almost credited the unsuspecting customer with $81 trillion, yes, trillion, with the transaction even skipping ...
Top accounting talent remains essential in the financial services industry. And a "near miss" that almost cost Citigroup ...
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our ...
The Financial Times reports Citigroup was supposed to credit a client’s account with a $280 transfer. Somehow it turned into ...