Jim Dyson | Getty Images News | Getty pictures
Citigroup The account of a customer incorrectly credited 81 trillion US dollars in the past year when it was only 280 US dollars.
The payment that took place last April was missed by two employees, but recorded 90 minutes after their publication, the Financial Times reported for the first time on Friday. It was reversed a few hours later and the Federal Reserve and the Currency Competroller Office reported as “almost missed”.
The event is the latest mistake in Wall Street Bank, which has had difficulty overcoming a number of operational errors in recent years.
“Despite the fact that a payment of this size could not actually be carried out, our detective controls immediately identified the input error between two Citi -Ledger accounts and we have the entry in reverse,” said Citi in a statement on NBC News. “Our preventive controls would also have stopped all funds that the bank would have left. Although the bank or our customers had no effect, the episode underlines our continued efforts to continue to remedy manual processes and to automate control through our transformation.”
Citi has neither confirmed the number of close errors nor made a comment.
Almost mistakes occur when a bank processes the wrong amount but can restore funds. The bank suffered 10 misses of 1 billion US dollars last year and the report in the previous year, the report.
The bank has been working on repairing its reputation since it sent a mistake of 900 million US dollars to creditors five years ago in a controversial struggle for the debts of the Revlon cosmetics group. This led to
The successor to Corbat, Jane Fraser, said the improvement of the risk and controls was a top priority. Last year, the bank was fined by the supervisory authorities with a fine of 136 million US dollars because they did not make enough progress in improvement.