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(Bloomberg) -- Just before Citigroup Inc.’s tech chief faced his first global town hall meeting, he got some pointed advice from his teenager: Make sure the technology works.Most Read from ...
No funds left the bank, which itself is worth far less than the transfer amount, Citigroup’s market capitalisation is around $150bn (€144bn). Citi disclosed the so-called “near miss” to ...
While millionaire fat-finger incidents often grab headlines, minor accidents occur frequently and fly under the radar.
An unknown user appears to have accidentally spent $89,200 to transfer just $2,262 in ETH.
FRANKFURT (Reuters) -Germany has fined Citigroup nearly 13 million euros ($13.94 million) for lapses in its trading system controls, the nation's bank regulator said on Thursday, as its consumer ...
Germany has fined Citigroup nearly 13 million euros ($13.94 million) for lapses in its trading system controls, the nation's bank regulator said on Thursday, as its consumer protection division ...
The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into ...
Citi Isn’t the Only One With a Fat Finger Problem Being rushed, typos and confusing ticker symbols are among the reasons small investors cite when they’ve bought the wrong stock By Sarah E ...
Earlier this year, another “fat finger” incident — trades made by human error, or even by algorithm — was faulted for tanking ASML Holding NV shares. In 2021, traders blamed an erroneous transaction ...
A trading mistake at Citigroup in 2022 has led to a $78 million fine against the bank. The "fat-finger" trade caused a brief flash crash in European stocks in May 2022. The brief flash crash ...
It’s officially one of the costliest typos ever: U.K. financial regulators just fined Citigroup Global Markets Ltd. (CGML) $79 million for a “fat-finger” trade one of its employees placed by ...