Citi nearly credited $6B to wealth account due to error, Bloomberg reports

Citi (C)group nearly credited about $6B to a customer’s account in its wealth-management business by accident, Bloomberg’s Todd Gillespie reports, citing people familiar with the matter. The accident was a result of a staffer’s error in copying and pasting the account number into a field for the dollar figure, according to the report. The error was detected the next business day and reported to regulators, and the firm has since set up a companywide tool to vet large, anomalous payments and transfers. The incident occurred in April, the same month that another part of the bank accidentally credited $81T to a different client.