Citi Copy-Paste Error Almost Sent $6 Billion to Wealth Account

Citigroup nearly credited about $6 billion to a customer's account in its wealth-management business by accident. From a report: The near-error occurred after a staffer handling the transfer copied and pasted the account number into a field for the dollar figure, which was detected on the next business day, the report added. The wealth division's near-miss was reported to regulators and the company has since set up a tool to help vet large, anomalous payments and transfers, according to the report. The error was related to an attempted transfer of funds between internal accounts, the report said. Last week, the Financial Times reported that Citigroup erroneously credited $81 trillion, instead of $280, to a customer's account and took hours to reverse the transaction.Read more of this story at Slashdot.
Click here to read full news..