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

HMRC is running the procurement process on behalf of Government Banking, which was set up in 2008 after the Bank of England ...

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.

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

The bank said it “promptly identified and corrected this inputting error” but it came the same month as $US81 billion was ...

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

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 ...

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