Explore Diverse Perspectives.
Published loading...Updated

Citi Accidentally Credits Client's Account With $81 Trillion Instead of $280: FT

  • Citigroup accidentally credited $81 trillion to a customer's account instead of $280 due to a "fat finger" error, according to the Financial Times.
  • The error was noted by a third employee an hour and a half after the transaction was processed.
  • Citigroup successfully reversed the incorrect transaction, and no funds left the bank.
  • The incident highlights ongoing operational issues, with Citigroup previously fined $400 million and also experiencing multiple similar errors in recent years.
Insights by Ground AI
Does this summary seem wrong?

104 Articles

All
Left
16
Center
15
Right
14
KCRGKCRG
+2 Reposted by 2 other sources
Center

Citi mistakenly credits $81 trillion to customer’s bank account

Citigroup made a costly error before reversing course.

·Cedar Rapids, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 36% of the sources lean Left
36% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Portfolio.hu broke the news in on Friday, February 28, 2025.
Sources are mostly out of (0)