Citigroup acknowledges trader error in sudden fall of European shares
© Reuters. FILE PHOTO: People walk beneath a Citibank branch logo in the financial district of San Francisco, California July 17, 2009. REUTERS/Robert Galbraith
NEW YORK (Reuters) – Citigroup Inc (NYSE:C) 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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