Citigroup erroneously accredited a customer account with $ 81 billion

Citigroup Erroneously accredit a customer’s account with $ 81 billion last year when it meant sending only $ 280.

The payment, which took place last April, was lost by two employees, but caught 90 minutes after it was published, the Financial Times First reported Friday night. He was reversed several hours later and informed the Federal Reserve and the Office of the Comptroller of La Moneda as a “Miss near the lady.”

The event is the last error revealed by the Wall Street Bank, which is struggling to overcome a series of operational errors in recent years.

“Despite the fact that a payment of this size could not have been executed, our detective controls quickly identified the entry error between two Citi Ledger accounts, and we invest the entrance,” Citi said in a statement to NBC News. “Our preventive controls would also have stopped the funds that left the bank. While there was no impact on the bank or our client, the episode underlines our continuous efforts to continue eliminating the manual processes and the automation of the controls through our transformation.”

Citi did not confirm or provide comments on the number of nearby failures he has experienced.

Nearby failures occur when a bank processes the incorrect amount, but can recover the funds. The bank suffered 10 about $ 1 billion or more last year and 13 in the previous year, according to the report.

The bank has been working to repair its reputation since it sent $ 900 million by mistake to the creditors dedicated to a controversial battle on the debt of the Revlon cosmetics group five years ago, which led to the expulsion of former CEO Michael Corbat, as well as large fines and regulatory consent orders that CITI required to solve the problems.

The successor of Corbat, Jane Fraser, said that improving risk and controls is a priority. The bank was still fined $ 136 million by regulators last year for not making enough progress in improvements.