Citibank 900M Wire Mistake Explained A Breakdown In Internal Control

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=C-xH3a3-3gc

In August of 2020, A Citibank contractor, rather than sending the periodic interest payment of $8M to the lenders, he/she wired $900 million or almost the entire balance of the loan by accident. Citibank then sent a note to the wire recipient , the lenders in this case, saying, oops, sorry about that, please send us the money back. Some of them complied and returned the money. • My Best-Selling Products: • Get My “Night Before the Accounting Interview Guide” including All Levels Q A: • https://thefincontroller.com/p/the-ni... • 📈 Get $25 off MY ONLINE COURSE ON FINANCIAL METRICS • https://thefincontroller.com/p/learn-... • Use Coupon Code: Save25 • ------------------------------------------------------------------- • My Recommended Products (I will only share what I love ❤ here) • ⚪️ 🧠 Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferra... • ⚪️ 📚 Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/... • My Recommended Finance Accounting Books 📚+🧠=💥 • ⚪️ Auditing: https://amzn.to/361wJhZ • ⚪️ Forensic Accounting: https://amzn.to/2G6t9bo • ⚪️ Introduction to Finance: https://amzn.to/2ExgUEA • ⚪️ Introduction to Managerial Accounting: https://amzn.to/33SEyE4 • --------------------------------------------------------------------- • Hang Out with me on social media: • 📱 / thefinancialcontroller • 🙋🏼‍♂️https://www.facebook.com/groups/78073... • 📸 / the_financial_controller • • DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! • All views expressed on my channel are mine alone. Not intended as financial or professional advice.

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