Citigroup's $81 trillion blunder: how a ‘fat finger' mistake was caught
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Citigroup narrowly avoided a massive error by mistakenly crediting a client's account with $81 trillion instead of $280. This 'fat finger' mistake could have been one of the largest banking blunders in history.
February 28, 2025 | 3:00 pm
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Citigroup narrowly avoided a massive error by mistakenly crediting a client's account with $81 trillion instead of $280. This 'fat finger' mistake could have been one of the largest banking blunders in history.
The incident highlights potential vulnerabilities in Citigroup's transaction processes, but since the error was caught and corrected, the immediate financial impact is neutral. However, it may raise concerns about internal controls.
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