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

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

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 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 ...

Top accounting talent remains essential in the financial services industry. And a "near miss" that almost cost Citigroup ...

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

Last year, an employee at Citigroup accidentally initiated a fund transfer to a customer’s account that would have made them ...

JPMorgan Chase has said it will set aside $50bn to lend to risky companies backed by private equity firms as it revs up its push into the booming private credit market.

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

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