Citi has been fined more than £60m by regulators after a trading error led to more than $1bn worth of stock being accidentally sold.
A Citi trader accidentally created a $444bn basket of equities instead of a $58m one in May 2022.
Investment Banking
Citi fined after $1.4bn of equities sold in error
Trader created a $444bn basket by mistake, but the bank’s controls still let some sales through
