Citigroup Makes a Bit of an Oopsie

Reuters

Citigroup (C.N), opens new tab erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the transaction, a “near miss” that shows up the bank’s operational issues it has sought to fix, the Financial Times reported on Friday.

The error, which occurred last April, was missed by a payments employee and a second official assigned to check the transaction before it was cleared to be processed the next day, FT said, citing an internal account and two people familiar with the event. More

9 Comments on Citigroup Makes a Bit of an Oopsie

  1. Looks like the deadwood is clearing itself out.

    On a related note, I’m reading that a quarter of Harvard’s 2024 MBA grads can’t find jobs. Maybe a quarter of the class is DEI?

    Also, there’s apparently a lot of turnover going on in many corporate HR departments. Maybe future deadwood isn’t being hired so fast anymore.

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  2. Sorta the same…
    An hourly office admin. (in my office) received a HUGE paycheck when the payrol dept. entered her six digit employee number in the hours worked field. It went through and landed in her bank account. But, of course, they discovered the error a couple days later and took the bundle back. I assume they added some sort of edit in that field after that.

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