In an alarming revelation, Citigroup recently reported a colossal mistake that saw $81 trillion mistakenly credited to a client’s account instead of a mere $280. This monumental error, which occurred ...

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 ...

Once caught, it took the bank several hours to reverse the erroneous transaction, which occurred in April 2024 ...

Fraser spent her teenage years in Australia and has 2 master's degrees, from Cambridge and Harvard; her Cuban-born husband ...

An employee caught the mistake quickly, but the bank has recently made other errors that have drawn scrutiny and fines from ...

Citigroup credited $81 trillion to a customer’s account, instead of just $280, and took hours to reverse the transaction — an ...

No money left the bank, but the "inputting error" came amid CEO Jane Fraser's efforts to convince regulators she's fixing the ...

Citi's current strategy might certainly boost its profitability and claw back the valuation gap to its peers. Click here to ...

After scrapping a policy requiring board diversity for companies it advises, Goldman backed off its own equity initiatives.

Citigroup Inc (C) made $81 trillion mistake, but no loss of funds occurred, as two officials failed to detect error and a third employee detected it later.

Citigroup (C) mistakenly credited $81 trillion to a customer’s account last year and took hours to reverse the transaction, ...