15. LIFE ON LAND

Citigroup acknowledges trader error in sudden fall of European shares – Reuters

Written by Amanda

People walk beneath a Citibank branch logo in the financial district of San Francisco, California July 17, 2009. REUTERS/Robert Galbraith

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NEW YORK, May 2 (Reuters) – Citigroup Inc (C.N) acknowledged late on Monday that one of its traders made an error in the sudden fall of European shares early in the day.

“This morning one of our traders made an error when inputting a transaction. Within minutes, we identified the error and corrected it,” Citigroup said in a statement.

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Reporting by Megan Davies; Editing by Kim Coghill

Our Standards: The Thomson Reuters Trust Principles.

Source: reuters.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai