×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Tuesday
13
Jan 2026
weather symbol
Athens 10°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

FT: Citigroup accidentally deposited a…whopping $81 trillion into a client’s account

The transfer went unnoticed by two employees and was detected by a third employee 90 minutes after it was posted

Newsroom February 28 02:10

Citigroup Inc. made a banking blunder of colossal proportions, depositing $81 trillion into a client’s account—instead of the… $280 they were actually owed. The staggering “miscalculation” lasted only a few hours before the bank swiftly reversed the transaction. However, the incident, which seemed straight out of a sci-fi movie, did not go unnoticed, as revealed by the Financial Times.

The transfer slipped past two employees and was finally caught by a third employee 90 minutes after it was processed, according to the report. No funds actually left the bank, and the event was classified as a “near miss” in reports to the Federal Reserve and the Office of the Comptroller of the Currency.

>Related articles

China responds to Trump’s Iran tariffs: ‘We will resolutely protect our interests’

Russian tycoon dead after his helicopter became entangled in cables and crashed (video)

Second chance to reclaim their home for those who lost it to banks and servicers

“Even though a payment of this magnitude could never have actually been executed, our monitoring controls immediately detected the input error between two internal Citi ledger accounts, and we reversed the entry,” a Citigroup spokesperson said in an email response. “Our preventive controls would also have blocked any funds from leaving the bank.”

The incident had no impact on the bank or its client, the spokesperson added.

A total of 10 near-miss incidents involving $1 billion or more occurred at Citi last year, according to the FT, citing an internal report. Although this marks a decrease from 13 cases the previous year, the report noted that near misses exceeding $1 billion were considered rare across the entire U.S. banking sector.

Ask me anything

Explore related questions

#accident#bank#Citigroup#client#currency#financial times#FT#US
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Pyrgos: man attacked his wife with a knife and then threatened to kill himself

January 13, 2026

Tuesday the 13th: Why everyone thinks it’s bad luck

January 13, 2026

Mitsotakis at meeting with farmers opens the way for meaningful dialogue on the future of the primary sector

January 13, 2026

Karachalios responds to Karystianou: She is a serial liar, I have 600 messages, Gratsia and the elderly woman have “bewitched” her

January 13, 2026

South Korea prosecutors seek death penalty for former President Yoon Suk Yeol

January 13, 2026

The Cypriot stewardess who did not board the fatal Falcon with the Libyan general was released by the Turkish authorities

January 13, 2026

Parliamentary elections set for April 12 in Hungary as Orbán appears weakened in polls

January 13, 2026

Iran is preparing to execute by hanging a 26-year-old man, Erfan, for his participation in anti-government protests.

January 13, 2026
All News

> Politics

Mitsotakis at meeting with farmers opens the way for meaningful dialogue on the future of the primary sector

Prime Minister Kyriakos Mitsotakis expressed his intention to hold a substantive and productive discussion on the challenges facing Greece’s primary sector during his opening remarks at a meeting with representatives of farmers and livestock breeders at the Maximos Mansion

January 13, 2026

Karachalios responds to Karystianou: She is a serial liar, I have 600 messages, Gratsia and the elderly woman have “bewitched” her

January 13, 2026

The farmers have arrived at the Maximou Mansion – The meeting with Mitsotakis is about to begin (updated)

January 13, 2026

Novartis case: Guilty verdict upheld on appeal for Destebasidis and Maraggelis

January 13, 2026

Marinakis calls for enforcement as blockades disrupt Greece – Blames party-backed minority for derailing talks

January 13, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα