Posted on 02/28/2025 12:01:51 PM PST by where's_the_Outrage?
One of America’s biggest banks accidentally transferred more than $80 trillion (£64 trillion) to a customer’s account after a “fat finger” input error by an employee.
Citigroup, one of America’s “big four” lenders, erroneously transferred $81 trillion to the account in April last year instead of the $280 requested because of a keyboard mistake by a bank staffer.
The huge sum, worth more than 20 times Britain’s entire gross domestic product (GDP), was approved after being checked by two of the bank’s employees, before being sent to the customer account the following morning.
The payment was only flagged after a third employee noticed a problem with the Wall Street giant’s overall balances, 90 minutes after the payment between two separate Citi accounts had been made, the Financial Times reported.
Citi successfully reversed the transaction a few hours later, with no funds actually leaving the lender’s coffers, as the $81 trillion transaction was between two of the bank’s own accounts.
A Citi spokesman said: “Our detective controls promptly identified the inputting error between two Citi ledger accounts and we reversed the entry. Our preventative controls would have also stopped any funds leaving the bank.”
(Excerpt) Read more at msn.com ...
Lousy programming oversight, the system should never had allowed the entry.
What’s 10 extra 0’s between friends?
Sorry, too late!
Oh my a new tax bracket
I do that all the time. I think I'm typing:
$81,000,000,000,000
And instead I stupidly type:
$280
I never make these lists.
Wait the bank had $80 trillion (£64 trillion) to cover it ? LOL
He of course should be made to give the money back, but should at least get to keep the interest accrued on it.
Yeah, really. That wasn’t all supposed to go into the Biden family account!
Right - 2 1/2 times the national debt and they can cover ????
WHOOPS…..
The guy should have moved it to an interest bearing account for a day. He might be hit with an overdraft but 1 day of even modest interest on $81 trillion should cover the bank fees. :)
Well, it could have been legit. The guy might have been selling eggs at the local farmers’ market.
this would be the perfect day to spend all of it and blow away Al Sharpton’s 2/28 boycott 💵💵💵
Who do they think they are, dems in congress?!
And a few too many Rs.
Would have been amusing if they had immediately transferred the money to a Cayman Island account and bought themselves a nice country somewhere.
It’s good to be King.
I wonder what the interest earned would be for 90 minutes on 80 trillion would be, I’d be happy with that
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