The Real Story Is Ugly | The latest news and updates from our partners at Eunice.io Citigroup’s $81 Trillion Blunder
In one of the most shocking financial errors in modern history, Citigroup accidentally transferred a staggering $81 trillion into a client’s account instead of the intended $280 million. The blunder, which was quickly reversed, has left regulators, investors, and the entire banking world asking one critical question: How does a mistake of this magnitude even happen? According to reports, the erroneous transaction occurred due to an internal processing issue at Citigroup, one of the largest financial institutions in the world. While banking errors are not unheard of, this misstep is on a scale never seen before. For context, $81 trillion is more than three times the size of the U.S. economy. Had the funds not been immediately flagged and corrected,... Read More
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