New York, Feb 28, 2025 (AFP) - Citigroup posted $81 tn payment by mistake: report

NAMPA / AFP

2025-02-28

Citigroup accidentally credited an account with $81 trillion instead of $280 as it meant to before catching the error, the Financial Time reported. The snafu, a "near miss" in banking industry lingo, eluded a payments employee and a second bank official before being caught by a third employee 90 minutes after it posted, the newspaper reported late Thursday. The bank said it posted the payment to a client, without specifying what kind of client.......

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