Citi’s $81 trillion mixup underscores the risks of manual accounting
Top accounting talent remains essential in the financial services industry. And a "near miss" that almost cost Citigroup ...
U.K. Tax Authority to Drop Barclays in Favor of Lloyds, the FT Says, Citing Sources
--The U.K.'s Revenue & Customs, or HMRC, is to include Lloyds Banking Group in its list of lenders providing banking services to government organizations, and drop Barclays, the Financial Times ...
A $280 transfer turns into $81 trillion because of bank error
The Financial Times reports Citigroup was supposed to credit a client’s account with a $280 transfer. Somehow it turned into ...
Cisco Systems, Inc. (CSCO): An Undervalued Wide Moat Stock to Buy According to Analysts
We recently compiled a list of the 12 Undervalued Wide Moat Stocks to Buy According to Analysts. In this article, we are ...
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Say What Now? Citigroup Mistakenly Credited a Customer Account with $81 Trillion
Citigroup mistakenly credited one of their customers $81 trillion when it was initially supposed to be $280. The error took ...
Financial Times report on Citi backward looking, says Wells Fargo
Wells Fargo views the Financial Times’ reporting Friday on Citi’s (C) near-miss money transfers as backward looking with no impact to the ...
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Citigroup Credits Customer With $81 Trillion by Mistake
Citigroup mistakenly credited one of their customers $81 trillion when it was initially supposed to be $280. According to a ...
Another ‘near miss': Citigroup mistakenly credited a customer account with $81 trillion
Citigroup mistakenly credited a customer's account with $81 trillion last year when it meant to send just $280. The payment, ...
Citigroup nearly credited client with $81 trillion instead of $280
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 ...
Bank customer sent £64,000,000,000,000 instead of £200 in 'fat finger' mistake
Two co-workers even approved the astronomical sum – more than 20 times the UK’s GDP – before it was sent to the client’s ...
Citigroup Mistakenly Credited Customer's Account $81 Trillion — and Multiple Employees Missed the Error
Citigroup mistakenly credited a customer's account $81 trillion instead of $280 in April 2024, and multiple employees missed ...