Citigroup Almost Sent $6 Billion to Wealth Account in Copy-Paste Error, Bloomberg Reports
(Reuters) -Citigroup nearly credited about $6 billion to a customer's account in its wealth-management business by accident, Bloomberg News reported on Monday, citing people familiar with the matter.
Citigroup almost shifted $6 billion to customer’s account after copy-paste error
The near-error occurred after a staffer handling the transfer copied and pasted the account number into a field for the dollar figure, which was detected on the next business day.
Citigroup accidentally sends $81 trillion to a client account instead of $280
The error went unnoticed by two employees and was flagged by a third employee 90 minutes after posting. No funds left the bank, and the incident was reported as a "near miss" to the Federal Reserve and the Office of the Comptroller of the Currency.
Citi Copy-Paste Error Almost Sent $6 Billion to Wealth Account
Citigroup Inc. almost shifted about $6 billion to a customer’s account by accident after a staffer handling the transfer copied and pasted the account number into a field for the dollar figure.
Citi mistakenly credits $81 trillion to customer’s bank account
The bank accidentally credited a customer’s account with $81 trillion instead of $280. It quickly reversed the transaction within a few hours. CBS News reports this happened last April. Two employees initially overlooked the massive transfer,
Citi bungle briefly credits client’s account with $81 trillion — instead of $280
Citigroup credited $81 trillion to a customer’s account, instead of just $280, and took hours to reverse the transaction — an ...
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Citigroup Makes (and Then Fixes) an $81 Trillion Mistake
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One Of America’s Biggest Banks Almost Accidentally Deposited $81 Trillion In A Customer’s Account
It's only natural banks are going to make some mistakes given the number of transactions they handle on a daily basis.
Citi's latest blunder: an $81 trillion 'inputting error'
No money left the bank, but the "inputting error" came amid CEO Jane Fraser's efforts to convince regulators she's fixing the ...