Citigroup mistakenly credited a customer account with $81 trillion

Citigroup The customer’s credit is credited with $ 81 trillion last year when it meant only $ 280.

The payment, which occurred last April, was missed by two employees but was arrested 90 minutes after its publication, The Financial Times I mentioned for the first time Friday. This was reversed after several hours and informed the federal reserve and the currency financial observer office as “close to Miss”.

This event is the latest error revealed by Wall Street, which is struggling to overcome a series of operational errors in recent years.

“Despite the fact that it was not possible to implement this size, the detective controls immediately identified the input error between two Ledger Citi accounts, and we are reflected in the entry,” City said in a statement to NBC News. “Our preventive controls also stopped any money leaving the bank. While there was no impact on the bank or our customer, the episode emphasizes our ongoing efforts to continue eliminating handicrafts and automating the controls through our transformation.”

CITI did not confirm and did not comment on the number of nearby mistakes it lived.

Modes occurs near banking processing the wrong amount but is able to recover money. The bank suffered 10 from the loss of $ 1 billion or more last year and 13 in the previous year, according to the report.

The bank has been working on repairing its reputation since it sent $ 900 million by mistake to the creditors participating in a controversial battle around the debts of the Revlon cosmetics group five years ago – which led to the expulsion of former CEO Michael Korbat, in addition to large fines and organizational orders that require CITI problems.

Jane Fraser, behind Korbat, said that improving risks and controls is a top priority. The bank was still fined 136 million dollars by the organizers last year for not making adequate progress.