Citigroup mistakenly credits customer $81 trillion
Citigroup mistakenly credits customer $81 trillion

Citigroup mistakenly credited $81 trillion instead of $280 to a customers account, taking hours to reverse the transaction, the Financial Times (FT) reported on Friday. The incident highlights ongoing operational issues the bank has been trying to resolve. The error, which occurred last April,...

Oil prices rise on supply concerns, Fed rate cut expectations
Oil prices rise on supply concerns, Fed rate cut expectations

Oil prices climbed on Friday, set for a fourth consecutive weekly gain, fueled by concerns over tightening supply due to U.S. sanctions on Russian oil producers and signals from a Federal Reserve official hinting at potential interest rate cuts, reports Reuters. Brent crude futures rose by 13...