City trader in $444 billion 'fat finger' error ... more than Denmark's GDP
Evening Standard|May 22, 2024
A “FAT FINGER” trading error worth $444 billion (£350 billion) — more than the GDP of Denmark — has sent shockwaves through the City.
Daniel O’Boyle
City trader in $444 billion 'fat finger' error ... more than Denmark's GDP
 

Citigroup bank has been fined £61.7 million after its systems failed to prevent the colossal mistake. A Citigroup global markets trader made “an inputting error” while trying to sell stocks in May 2022, according to the Financial Conduct Authority.

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