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Fat Fingers: Citigroup Mistakenly Deposits $81 Trillion to Customer

$81 trillion was erroneously credited by Citigroup, as the customer was only meant to receive $280. The payment bypassed all Citigroup controls and had to be reversed several hours after its execution, which the bank ref...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Fat Fingers: Citigroup Mistakenly Deposits $81 Trillion to Customer
$81 trillion was erroneously credited by Citigroup, as the customer was only meant to receive $280. The payment bypassed all Citigroup controls and had to be reversed several hours after its execution, which the bank refers to as a “near miss.” Citigroup Payment Fumble: Erroneous $81 Trillion Transfer Bypasses Controls Citigroup, one of the most […]

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