Reported about 6 hours ago
Citigroup accidentally credited a customer's account with $81 trillion instead of $280, highlighting the bank's ongoing operational challenges. The error, which occurred last April, went unnoticed by two employees before being caught after 90 minutes, but no funds left the bank thanks to corrective measures taken. Citigroup has reported similar 'near misses' and is in the process of enhancing its compliance and operational controls following regulatory penalties.
Source: YAHOO