
Report: Citigroup’s $900M Error Was Caused By Software Installation
Citigroup Inc. has discovered obsolete software caused a nearly $1 billion problem earlier this month. Sources told Bloomberg News the software, which has led to four lawsuits involving as many as 16 companies, was installed in the 1990s. Last year, the New York-based global financial services corporation decided to replace the software with the state-of-the […]