Citigroup Inc. erroneously credited 280 last April before reversing the transaction hours later, according to the Financial Times.
“Despite the fact that a payment of this size could not actually have been executed, our detective controls promptly identified the inputting error between two Citi ledger accounts and we reversed the entry,” a Citigroup spokesperson said in an emailed response. “Our preventative controls would have also stopped any funds leaving the bank.”
A total of 10 near misses of 1 billion were unusual across the US bank industry.
They fat fingered a payment a few years back sued the company and the judge said it was citi fault and they didn’t have to pay!
And now this! Haha
280, 81T same difference.
When I was a kid I had something similar happen. I was a multimillionaire for about one minute.
The teller let me keep the passbook with the error in tact but ultimately corrected it in the account.
Should've bought all the Bitcoin and run.
I feel very confident they would of sued her an likely pressed criminal charges.
But hypothetically I wonder how much bitcoin you could of gotten off an exchange before reaching some daily threshold amount .
That's why I said "and run".
If you owe the bank 81k,that′syourproblem.Ifyouowethebank81T, that's the bank's problem.
"and run" reminded me of ocean eleven scene.
view on youtu.beThe guy could have been in a real trouble had the money transferred in his account!
Was about to post it from FT Citigroup erroneously credited client account with $81tn in ‘near miss’.
just zeros on screens...