Citi mistakenly credits $81 trillion to customer account

Citigroup mistakenly credited $81 trillion to a customer’s account instead of $280 before reversing the transaction hours later, the Financial Times reported on Friday.

The error took place last April and was missed by a payments employee and a second worker before it was cleared to process the following day, according to the newspaper, which cited an internal account and two people familiar with the matter.A third employee discovered the error an hour and a half after the payment was processed; the transaction was reversed several hours later, the Financial Times said.

No funds left the bank and the “near miss” was disclosed to the Federal Reserve and the Office of the Comptroller of the Currency, the report said.

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