Another 'near miss': Citigroup mistakenly credited a customer account with $81 trillion
Portfolio Pulse from
Citigroup mistakenly credited a customer's account with $81 trillion instead of $280 last year. The error was caught 90 minutes later.
March 01, 2025 | 6:00 pm
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NEUTRAL IMPACT
Citigroup mistakenly credited a customer's account with $81 trillion instead of $280. The error was identified and corrected within 90 minutes.
The error was significant in size but was corrected quickly, minimizing potential impact. It highlights operational risks but does not indicate systemic issues.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100