Citigroup Incorrectly Credits $81T in Client's Account in "Near Miss"
C has erroneously credited $81 trillion, instead of $280, to a client's account and has taken hours to reverse the ...
Citigroup almost sent $6 billion to wealth account in copy-paste error, Bloomberg reports
The near-error occurred after a staffer handling the transfer copied and pasted the account number into a field for the dollar figure, the report added.
Citi copy-paste error sends $9.6b to customer
The bank said it “promptly identified and corrected this inputting error” but it came the same month as $US81 billion was ...
Innovations may be a costly trap
In this FT Money cover story Philip tracks the evolution of the investment management industry over the past three decades.
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 ...
Fox 5 NY6h
Citibank makes an $81 trillion error. What we know
The financial mistake was corrected after it was caused by what a company spokesperson called an “inputting error." ...
A $280 transfer turns into $81 trillion because of bank error
The Financial Times reports Citigroup was supposed to credit a client’s account with a $280 transfer. Somehow it turned into ...
Citigroup almost shifted $6 billion to customer’s account after copy-paste error
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.