Citigroup mistakenly credited $81 trillion instead of $280 to a customer’s account in April 2024, a transaction caught and reversed by a third employee 90 minutes later. The error, exceeding the GDP of every country, was disclosed to U.S. regulators, with no funds leaving the bank. This incident follows previous inputting errors at Citigroup, including a $900 million payment to Revlon creditors, leading to fines and regulatory scrutiny.
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Is This the Perfect Age to Start Social Security?
You prepare for retirement by saving and budgeting, but optimizing your Social Security claim is crucial for maximizing your benefits. While you may have a claiming age in mind, there is no universally perfect age to sign up; some ages may be more advantageous depending on individual circumstances. Explain It To Me Like I'm 5: Choosing when to get your Social Security money is important because it can make a big difference in how much...
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