Citigroup credited client’s account with $81tn before error spotted

Citigroup credited client’s account with $81tn before error spotted

Citigroup, Banking, Business, US news, World news Business | The Guardian

​US bank meant to send $280 but no funds were transferred despite ‘fat finger’ mistakeUS bank Citigroup credited a client’s account with $81tn when it meant to send $280 – before the “fat finger” error was caught.The mistake was spotted only after two employees had missed it, and a third employee rectified it 90 minutes after it was posted, the Financial Times reported. No funds left the bank. Continue reading… 

US bank meant to send $280 but no funds were transferred despite ‘fat finger’ mistake

US bank Citigroup credited a client’s account with $81tn when it meant to send $280 – before the “fat finger” error was caught.

The mistake was spotted only after two employees had missed it, and a third employee rectified it 90 minutes after it was posted, the Financial Times reported. No funds left the bank.

Continue reading… 

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