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CITIGROUP ERROR
China and Hong Kong users unable to access SpaceX website, IPO documentsSpaceX's website and IPO marketing documents are inaccessible in Hong Kong and mainland China, potentially limiting investor participation ...- Citi copy-paste error almost sent $6 billion to a customer’s account by accidentCitigroup nearly transferred $6 billion to a customer by mistake due to a copy-paste error, shortly after another error of $81 trillion. Th...
- Citi employee's typo leads to an $81 trillion transaction errorCitigroup accidentally credited $81 trillion to a customer's account instead of $280, later reversing the transaction. The error, detected ...
- Hot Stocks: Brokerages on Maruti Suzuki, TVS Motors, Pidilite Industries post Q3 resultsMorgan Stanley maintained an overweight rating on Maruti Suzuki post December quarter results with a target of Rs 10,483.
- Citigroup in talks to recoup errant $500 mln Revlon loan paymentIn a Thursday filing in Manhattan federal court, lawyers for the bank and the lenders said they have been discussing a "consensual resoluti...
- Citi's $900-mn Revlon 'blunder' may get more painfulThe cosmetic giant filed for Chapter 11 bankruptcy protection recently.
- Fed outage raises questions on Wall Street as services restoredThe Fed’s system has suffered problems before. In 2019, the FedWire interbank funds transfer service went down for about three hours. The F...
- US judge: Citigroup can't get back $500 million it wrongly paid outThe case centers on payments totaling some $500 million Citigroup sent in August 2020 to 10 financial companies who were parties to a term ...
- Citigroup trial reveals chain of gaffes that led to the $900 million blunderAt the heart of the breakdown was a system known inside the bank as the “six eyes” approval process. Under the six-eyes protocol, three peo...
- Bank error in your favour: Citi’s fight to reclaim $900 millionUnless there’s a last-minute settlement, the trial -- over one of the biggest banking errors in recent memory -- will be closely watched on...
- Citigroup pays $400 million US fine, agrees to fix long-term lapsesThe hefty penalty follows renewed public and regulatory scrutiny of Citi's operations after an "error" led the bank to mistakenly send Revl...
- Citigroup cites $900 million human error. Lenders are puzzledThe bank — which said it has been in the process of upgrading its loan operations platform after a review it undertook last year — said it ...
- Citi’s $900-million ‘clerical error’ is worst Wall Street bungle in a long timeThe "clerical error" has plunged the bank into a battle between the Perelman empire and a corps of sharp-edged investment funds that have b...
- Citigroup hit with $57m fine in UK for incorrect reportingCitigroup Inc was fined £44 million ($57 million) by the Bank of England for years of inaccurate reporting to regulators about the lender’s...
- Facebook trading losses may near $200 million: Thomas Joyce, CEO, Knight CapitalIndustry trading losses from Nasdaq OMX Group’s mishandling of Facebook’s initial public offering may be close to $200 mn.
- HSBC blamed for hastening Lehman Brothers' fall: ReportHSBC is accused of quickening the fall of Lehman Brothers by demanding billions of pounds in collateral days before its collapse. Full Cove...
- JPMorgan, Citigroup triggered Lehman collapse: US reportJPMorgan & Citigroup demanded more collateral & changed guarantee agreements, a report on bankruptcy said. Top 10 US bankruptcies I Where h...
- Sell Sunteck Realty for target Rs 490: CitigroupCitigroup initiates coverage of Sunteck Realty with a `Sell’ rating and a target price of Rs 490.
- Mutual Funds outsource more back office jobsIn troubled times, every rupee counts. Faced with shrinking fund management fees because of the comatose stock markets, mutual fund houses ...
- Credit Suisse lifts the lid off $2.85-b writedownsCrediT Suisse has written $2.85 billion off the value of its asset-backed investments and found mismarking and pricing errors on its books,...
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