×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
27
Mar 2026
weather symbol
Athens 13°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

US gives $25 million for the return of children forcibly removed from Ukraine

Aircraft collision with fire truck at LaGuardia: Audio records controllers’ conversation after crash with 2 dead

Thriller at Limanakia Vouliagmenis: Search for a 34-year-old diver who went missing in a 28-meter-deep underwater shaft – the story of the “Devil’s Well”

“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

Easter concert by the Athens Municipality Choir at the Metropolitan Cathedral of Athens

March 27, 2026

Austria also moves to ban social media for children, will seek an EU-level solution

March 27, 2026

CBS: Trump and his associates have been told they will receive Iran’s counterproposal to the 15-point plan today

March 27, 2026

Energy crisis: European Commission rejects fiscal easing — what applies to the escape clause

March 27, 2026

Hellenic Coast Guard readiness exercise with a tanker strike scenario

March 27, 2026

Strait of Hormuz: Third Dynacom vessel owned by Giorgos Prokopiou crosses the war zone

March 27, 2026

Why the USS Gerald R. Ford left Souda and is sailing toward Croatia: The fire and the improbable conspiracy theories

March 27, 2026

A Greek rider returns to WSBK: Giannis Peristeras prepares to take on the competition

March 27, 2026
All News

> Economy

Energy crisis: European Commission rejects fiscal easing — what applies to the escape clause

Despite serious challenges, the Commission is putting the brakes on scenarios of fiscal loosening, stressing that any fiscal measures adopted must remain consistent with the net expenditure growth paths set by the Council

March 27, 2026

Strait of Hormuz: Third Dynacom vessel owned by Giorgos Prokopiou crosses the war zone

March 27, 2026

British press: Which Greek island in the Dodecanese is being praised — and why

March 27, 2026

Dolce Gabbana: The empire that refuses to sell

March 27, 2026

Vertical Corridor: Decision time for the “restart” of the project

March 27, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα