FBI, EPA, and Treasury told Citibank to freeze funds as Trump administration tries to claw back climate money
The accounts were frozen in February, but documents filed today make public details which had previously been unknown.
Citigroup’s $81 trillion mistake is a warning ‘that operational risk is still a ticking time bomb in banking,’ expert says
It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead ...
Grist on MSN1d
How Citibank got caught in a $20B climate fight
This story was originally published by Grist with the headline How Citibank got caught in a $20B climate fight on Mar 12, ...
Truthout8h
Court Docs Reveal Citibank Froze Nonprofits’ Accounts on FBI’s Request
Citibank was following requests from the Trump White House when it froze the accounts of several nonprofits last month.
Citigroup Makes (and Then Fixes) an $81 Trillion Mistake
The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems ...
CNN13d
Citigroup mistakenly credited a customer account with $81 trillion
Citigroup erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the transaction, a “near miss” that shows up the bank’s operational issues it has ...
Citibank says FBI recommended that it freeze the accounts of climate grant recipients
In a court filing, the bank said it was informed that the EPA’s Greenhouse Gas Reduction Fund was under an active criminal investigation.
Warren Buffett Is Selling Bank of America and Citigroup Stock and Is Piling Into This High-Yield Investment Instead
The fourth quarter saw Buffett sell off significant chunks of his stakes in financial stocks including Bank of America and ...
Oops. Citigroup credits $81 trillion to customer's account
The customer was only meant to receive $280, but Citi instead credited their account with $81 trillion last April — which not ...