Alex1i9
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THE BANK TRANSFERS YOU BY MISTAKE 81 TRILLION DOLLARS INSTEAD OF 280 DOLLARS, REALIZES 90 MINUTES AFTER THE PAYMENT AND THEN CANCELS IT š±š±š±
A Citigroup customer in the United States experienced an unexpected episode when, instead of receiving a payment of 280 dollars, their bank account was credited with the astonishing amount of 81 trillion dollars.
The error, which lasted approximately 90 minutes before being detected and reversed, has once again called into question the internal control systems of the financial entity.
According to People magazine, the mistake went unnoticed by two employees responsible for overseeing transactions until a third person noticed the anomaly and proceeded to correct it.
The transfer was canceled before the customer could access the money, thus avoiding a bigger problem for the bank. However, such failures continue to raise concerns about Citigroup's ability to prevent critical errors in its financial system.
Repeated errors at Citigroup
This is not the first major failure that Citigroup has made in recent years. In 2020, the bank mistakenly transferred 893 million dollars to lenders of the cosmetics company Revlon Inc., money that some recipients refused to return, arguing that they believed it was a legitimate payment. This incident led to a prolonged legal battle in which the financial entity had to accept its responsibility for the error.
In 2022, another Citigroup failure caused a drop in the European market due to an error in a stock operation. The situation generated an immediate response from financial regulators, who sanctioned the bank for its lack of adequate controls.
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A Citigroup customer in the United States experienced an unexpected episode when, instead of receiving a payment of 280 dollars, their bank account was credited with the astonishing amount of 81 trillion dollars.
The error, which lasted approximately 90 minutes before being detected and reversed, has once again called into question the internal control systems of the financial entity.
According to People magazine, the mistake went unnoticed by two employees responsible for overseeing transactions until a third person noticed the anomaly and proceeded to correct it.
The transfer was canceled before the customer could access the money, thus avoiding a bigger problem for the bank. However, such failures continue to raise concerns about Citigroup's ability to prevent critical errors in its financial system.
Repeated errors at Citigroup
This is not the first major failure that Citigroup has made in recent years. In 2020, the bank mistakenly transferred 893 million dollars to lenders of the cosmetics company Revlon Inc., money that some recipients refused to return, arguing that they believed it was a legitimate payment. This incident led to a prolonged legal battle in which the financial entity had to accept its responsibility for the error.
In 2022, another Citigroup failure caused a drop in the European market due to an error in a stock operation. The situation generated an immediate response from financial regulators, who sanctioned the bank for its lack of adequate controls.
#Write2Earn
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