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197 Citigroup Erroneously Credited Client Account With $81 Trillion in 'Near Miss'

Slashdot
msmash @ Slashdot · 02/28/2025 08:07 EDT

Citigroup Erroneously Credited Client Account With $81 Trillion in 'Near Miss'

Citigroup credited a client's account with $81 trillion when it meant to send only $280, an error that could hinder the bank's attempt to persuade regulators that it has fixed long-standing operational issues. Financial Times: The erroneous internal transfer, which occurred last April and has not been previously reported, was missed by both a payments employee and a second official assigned to check the transaction before it was approved to be processed at the start of business the following day.

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