Citi Accidentally Credits Client Account With $81 Trillion: FT

Citigroup Inc. erroneously credited $81 trillion to a customer’s account instead of $280 last April before reversing the transaction hours later, according to the Financial Times.

The transfer was missed by two employees and detected by a third employee 90 minutes after it was posted, the report said. No funds left the bank, and it was disclosed as a “near miss” to the Federal Reserve and Office of the Comptroller of the Currency, according to the report.