Good morning. Top accounting talent remains essential in the financial services industry. Citigroup intended to send $280 to a customer account, but instead credited the account with $81 trillion, the Financial Times reported on Friday. The mix-up occurred ...
Citigroup credited $81 trillion to a customer’s account, instead of just $280, and took hours to reverse the transaction — an embarrassing “near miss” for a bank that has struggled to fix operational issues.
9d
Stocktwits on MSNCiti Reportedly Transfers $81T To Client Account Erroneously, Mistake Rectified Within Hours – Stock, Retail Stay UnswayedCitigroup Inc (C) stock drew unwanted attention on Friday after a report said the bank incorrectly credited $81 trillion into a client account instead of transferring just $280. According to a Financial Times report,
Citigroup (NYSE:C) erroneously credited a client's account with $81T in what should have been a $280 transaction, a mistake that could extend regulators' scrutiny as the bank attempts to convince them that it has fixed operational issues,
6d
Stocktwits on MSNCiti Reportedly Made Another Fund Transfer Error In April 2024 Worth $6B: Retail’s On Wait-And-Watch ModeCitigroup Inc (C) stock once again drew investor attention on Tuesday after a Bloomberg report said the bank’s wealth management business almost sent $6 billion to a customer’s account — almost 1000-times more than what was originally intended.
Citigroup reported the "near miss" to the Federal Reserve and the Office of the Comptroller of the Currency, according to the Financial Times.
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 the “near miss” to the Federal Reserve and Office of the ...
Citigroup Inc. erroneously credited $81 trillion to a customer’s account instead of $280 last April before reversing the transaction hours later, according to the Financial Times.
No money left the bank, but the "inputting error" came amid CEO Jane Fraser's efforts to convince regulators she's fixing the bank's controls.
Wells Fargo views the Financial Times’ reporting Friday on Citi’s (C) near-miss money transfers as backward looking with no impact to the
Some results have been hidden because they may be inaccessible to you
Show inaccessible results