Citigroup credited $81 trillion to a customer’s account, instead of just $280, and took hours to reverse the transaction — an ...

Dipendra Malhotra, former head of analytics, AI and data at Morgan Stanley's wealth unit, will help drive technology ...

It's only natural banks are going to make some mistakes given the number of transactions they handle on a daily basis.

The financial mistake was corrected after it was caused by what a company spokesperson called an “inputting error." ...

Citigroup reported the "near miss" to the Federal Reserve and the Office of the Comptroller of the Currency, according to the ...

Researchers at Citigroup say that new tariffs on Canada and Mexico are likely to dent economic growth and push the Federal ...

No money left the bank, but the "inputting error" came amid CEO Jane Fraser's efforts to convince regulators she's fixing the ...

The U.S. government becoming a strategic holder of digital assets would add to the legitimacy of the asset class, the report ...

In 2020, the Office of the Comptroller of the Currency and the Federal Reserve fined Citi $400 million for some risk and data failures. Last year in July, regulators fined Citi $136 million for ...

Citi thinks March will see a "much more favorable" reading, with the firm predicting an out-of-consensus call of the Fed resuming its rate cuts in May. Market pricing currently indicates a much ...