American Citibank, part of the financial conglomerate Citigroup, almost “blew” a huge amount of money. It credited a client’s account with $81 trillion instead of the planned $280, TASS reports, with reference to the Financial Times.
The erroneous transaction was reviewed by two bank employees, neither of whom found any discrepancies. It was only the day after the transfer was registered that a third specialist noticed the balance issue and initiated a cancellation of the payment.
In 2021, Citibank was already embroiled in a major scandal that led to the resignation of its CEO and significant financial penalties. At that time, the bank mistakenly transferred 900 million USD instead of 7,8 million USD to creditors of the cosmetics company Revlon, and attempts to reverse the transaction and challenge it in court were unsuccessful.