The near-miss in Citigroup’s wealth-management business magnified the intended amount by more than a thousand times and was ...

Executives were already in talks with higher-ups and regulators about how to address the incident when news of the much ...

This week has seen a peculiar case in the banking sector where a clerical error almost transferred $6 billion to wealth ...

Citigroup nearly transferred $6 billion to a customer by mistake due to a copy-paste error, shortly after another error of ...

Citigroup mistakenly credited a customer’s account $81 trillion last April instead of the intended $280. The error went ...

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

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

Once caught, it took the bank several hours to reverse the erroneous transaction, which occurred in April 2024 ...

Fraser spent her teenage years in Australia and has 2 master's degrees, from Cambridge and Harvard; her Cuban-born husband ...

An employee caught the mistake quickly, but the bank has recently made other errors that have drawn scrutiny and fines from ...

The customer was only meant to receive $280, but Citi instead credited their account with $81 trillion last April — which not ...

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