×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Saturday
30
May 2026
weather symbol
Athens 19°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

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

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 is currently in the Situation Room with his advisers deciding on Iran

The Hellenic Initiative (THI) supports Axion Hellas medical missions

Trump: No lifting of sanctions on Iran in exchange for nuclear concessions

“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

Deputy Environment Minister Nikos Tagaras died at the age of 70 after a battle with cancer

May 29, 2026

Trump is currently in the Situation Room with his advisers deciding on Iran

May 29, 2026

World-leading Tentoglou: Wins in Limassol with 8.49m and sets the best performance in the world this year, watch video

May 29, 2026

Kyriakos Mitsotakis on 9 years since his father’s death: “We miss him every day”

May 29, 2026

Greece–U.S.–South Korea agreement: 10,000 jobs in new shipbuilding hub in Elefsina – €1.35 billion investments

May 29, 2026

Two arrests for theft of tools from the exhibition center at “El. Venizelos” airport

May 29, 2026

Rejected at second instance: Turkish appeal over “Turkaegean” dismissed – Theodorikakos: “Vindication of our national positions”

May 29, 2026

Trump: These are the terms for Iran, we will meet now for my final decision

May 29, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα