(Reuters) – Citigroup nearly transferred about $6 billion to a customer’s account in its wealth-management business by accident, Bloomberg News reported on Monday, citing people familiar with the matter.
The near-error occurred after a staffer handling the transfer copied and pasted the account number into a field for the dollar figure, which was detected on the next business day, the report added.
Citigroup did not immediately respond to a Reuters request for comment.
The wealth division’s error was reported to regulators and the company has since set up a tool to help vet large, anomalous payments and transfers, according to the report.
(Reporting by Bhanvi Satija in Bengaluru; Editing by Alan Barona)
About the Author
