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,...

Court imposes travel ban on Sayeed Khokon, his family
Court imposes travel ban on Sayeed Khokon, his family

The Dhaka Metropolitan Sessions Court has imposed a travel ban on former Dhaka South City Corporation Mayor Mohammad Sayeed Khokon, along with his mother Shahana Hanif, wife Farhana Sayeed, and brother Javed Ahmed. The decision follows a request by the Anti-Corruption Commission (ACC) during a...

Australia takes HSBC to court over neglecting scam victims
Australia takes HSBC to court over neglecting scam victims

Australias corporate regulator has filed a lawsuit against the local affiliate of global banking giant HSBC, alleging it failed to properly address approximately 950 reports of customers losing close to, or more than, a million dollars, reports Reuters. The Australian Securities and Investments...