Diane Swonk, KPMG chief economist, and Gilbert Garcia, Garcia Hamilton and Associates CIO, and Steven Wieting, Citi Wealth chief investment strategist, join 'The Exchange' to discuss the Federal Reserve's policy,

Citigroup credited $81 trillion to a customer’s account, instead of just $280, and took hours to reverse the transaction — an embarrassing “near miss” for a bank that has struggled to fix operational issues.

Citigroup nearly credited about $6 billion to a customer's account in its wealth-management business by accident, Bloomberg News reported on Monday, citing people familiar with the matter.

The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems after a series of errors.

Researchers at Citigroup say that new tariffs on Canada and Mexico are likely to dent economic growth and push the Federal Reserve to lower interest rates later this year. In a Tuesday note, they said that if the tariffs aren’t repealed in a matter of weeks,

No money left the bank, but the "inputting error" came amid CEO Jane Fraser's efforts to convince regulators she's fixing the bank's controls.

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.

No funds left Citi, which disclosed the near miss – when a bank processes the wrong amount but is able to recover the funds – to the Federal Reserve and the Office of the Comptroller of the Currency (OCC), the report said. Citi told Reuters in an ...

The U.S. government becoming a strategic holder of digital assets would add to the legitimacy of the asset class, the report said.

For the first time in 2025, markets are pricing in three Federal Reserve interest rate cuts as investor fears about an economic slowdown intensify.

Citigroup accidentally credited $81 trillion to a customer's account instead of $280, later reversing the transaction. The error, detected within 90 minutes, was flagged as a “near miss” and reported to regulators.