Citigroup (C) mistakenly credited $81 trillion, instead of $280, to a client's account in April 2024 due to an input error and interface issues with the backup system, the Financial Times reported Friday, citing a internal report and sources familiar with the matter.
According to the report, the error was missed by two employees and was detected by a third employee 90 minutes after the transaction was posted. The error was reversed after several hours, FT added.
Citigroup did not immediately respond to MT Newswires' request for comment.
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