Reported about 12 hours ago
Bloomberg News reported that Citigroup almost mistakenly credited $6 billion to a customer's wealth-management account due to a copy-paste error by a staff member, which was identified the following business day. The incident, which involved incorrect transfers between internal accounts, prompted Citigroup to implement a new tool for monitoring large transactions. This incident follows another major error earlier in April, where Citigroup accidentally credited $81 trillion instead of $280, leading to scrutiny from regulators.
Source: YAHOO