A routine $280 payment into a customer’s account at Citigroup spiraled into an $81 trillion mistake last April, highlighting ...

President Trump sent a new list of nominations to the Senate on Tuesday, unveiling his picks to lead several key financial regulatory agencies in his second administration. Jonathan McKernan was ...

Headquartered in Washington, D.C., the OCC is an independent bureau within the Treasury Department. It is in charge of ...

The Office of the Comptroller of the Currency is the latest federal banking agency to let go of probationary employees.

Citigroup credited $81 trillion to a customer’s account, instead of just $280, and took hours to reverse the transaction — an ...

The Federal Deposit Insurance Corp. cut between 600 and 700 of its employees as President Trump's federal downsizing effort ...

It's only natural banks are going to make some mistakes given the number of transactions they handle on a daily basis.

Citigroup mistakenly credited a customer's account $81 trillion instead of $280 in April 2024, and multiple employees missed ...

Citigroup's employees accidentally credited $81 trillion into a customer's account instead of $280. This error was later ...

Senator Cynthia Lummis’s leadership of the Senate Banking Subcommittee on Digital Assets marks a pivotal shift in U.S.