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

Citigroup’s latest $81 trillion blunder is a sad reminder of just how vulnerable even the world’s largest financial players ...

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 ...

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

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 ...

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

An overview of how federal bank regulatory agencies examine banks for Bank Secrecy Act (BSA) compliance and the available ...

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