×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Tuesday
09
Dec 2025
weather symbol
Athens 12°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

FT: Citigroup accidentally deposited a…whopping $81 trillion into a client’s account

The transfer went unnoticed by two employees and was detected by a third employee 90 minutes after it was posted

Newsroom February 28 02:10

Citigroup Inc. made a banking blunder of colossal proportions, depositing $81 trillion into a client’s account—instead of the… $280 they were actually owed. The staggering “miscalculation” lasted only a few hours before the bank swiftly reversed the transaction. However, the incident, which seemed straight out of a sci-fi movie, did not go unnoticed, as revealed by the Financial Times.

The transfer slipped past two employees and was finally caught by a third employee 90 minutes after it was processed, according to the report. No funds actually left the bank, and the event was classified as a “near miss” in reports to the Federal Reserve and the Office of the Comptroller of the Currency.

>Related articles

Trump’s son-in-law Jared Kushner joins Paramount’s $108 billion bid for Warner Bros

Hatzidakis on Bloomberg TV: Energy agreements boost Greece’s geopolitical significance

Meeting between Minister Theodorikakos and Greek-American businessman John Catsimatidis

“Even though a payment of this magnitude could never have actually been executed, our monitoring controls immediately detected the input error between two internal Citi ledger accounts, and we reversed the entry,” a Citigroup spokesperson said in an email response. “Our preventive controls would also have blocked any funds from leaving the bank.”

The incident had no impact on the bank or its client, the spokesperson added.

A total of 10 near-miss incidents involving $1 billion or more occurred at Citi last year, according to the FT, citing an internal report. Although this marks a decrease from 13 cases the previous year, the report noted that near misses exceeding $1 billion were considered rare across the entire U.S. banking sector.

Ask me anything

Explore related questions

#accident#bank#Citigroup#client#currency#financial times#FT#US
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Konstantinos Karamanlis – Amalia Megapanou: The coexistence of two strong personalities and the divorce in Paris

December 9, 2025

Traffic fees: Clarifications of the Hellenic Revenue Service that vehicle owners need to know

December 9, 2025

Farmers insist on escalation even with the closure of the Rio-Antirio and Tempi bridges – The measures government are considering

December 9, 2025

A major breakthrough in the fight against hospital-acquired infections: 16,873 hospital days avoided and €14 million saved

December 9, 2025

Attica: Mild and sunny weather until Saturday — slight rise in temperature with a chance of a few showers

December 9, 2025

Trump’s son-in-law Jared Kushner joins Paramount’s $108 billion bid for Warner Bros

December 8, 2025

Benaki Museum: Christmas all-day program for all ages

December 8, 2025

Sisi – Haftar meeting in Cairo on Egypt-Libya EEZ delimitation: What it means for Greece

December 8, 2025
All News

> World

Trump’s son-in-law Jared Kushner joins Paramount’s $108 billion bid for Warner Bros

Kushner's Affinity Partners joins the consortium - under Paramount - bidding for Warner Bros Discovery - preceded by Donald Trump's doubts about Netflix's bid

December 8, 2025

Trump announced an executive order for single AI application approval

December 8, 2025

Paramount disrupts Netflix–Warner bros mega deal with a $108.4 billion offer

December 8, 2025

Zelensky from London: Unity between Europe, Ukraine and the US important for peace negotiations

December 8, 2025

Powerful 7.2-magnitude earthquake in northern Japan – Tsunami warning issued

December 8, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα