Citigroup fined $7m over 15-year coding error in bank's reporting systems

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Citi under fire from the SEC over 15-year coding error
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Citi under fire from the SEC over 15-year coding error

Regulators criticise bank over the error, and for not reporting it when it was uncovered

A programming error that was allowed to fester for 15 years has cost global banking giant Citigroup a $7m (£5.3m) fine from the Securities and Exchange Commission (SEC), the US financial services regulator....

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