Citigroup nearly credited about $6 billion to a customer's account in its wealth-management business by accident, Bloomberg ...

The Elon Musk-led Department of Government Efficiency wants to charge at least one federal agency millions of dollars for its ...

Learn what a bank failure is, why it happens, FDIC coverage, and how to protect your business from financial risks with ...

The financial mistake was corrected after it was caused by what a company spokesperson called an “inputting error." ...

The Federal Deposit Insurance Corp.'s board approved a proposal to rescind the agency's 2024 statement on bank merger ...

The US bank almost credited the unsuspecting customer with $81 trillion, yes, trillion, with the transaction even skipping ...

Thirty members of the Senate Banking and House Financial Services committees signed a letter petitioning the administration ...

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

Citigroup erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the ...

Citigroup mistakenly credited a customer's account with $81 trillion last year when it meant to send just $280. The payment, ...

This monumental mistake, previously unreported, has come to light at a critical time for Citigroup. The bank is currently striving to convince regulators that it has ...

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