Citigroup Inc. mistakenly credited $81 trillion to a customer’s account instead of the intended $280 in April last year, as reported by the Financial Times. The error was overlooked by two employees but identified by a third employee 90 minutes after the transaction was processed. According to the report, no funds exited the bank, and the incident was reported as a “near miss” to the Federal Reserve and the Office of the Comptroller of the Currency. — news from Bloomberg
