Home Finance Citigroup acknowledges trader error in sudden fall of European shares

Citigroup acknowledges trader error in sudden fall of European shares

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Individuals stroll beneath a Citibank department emblem within the monetary district of San Francisco, California July 17, 2009. REUTERS/Robert Galbraith

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

“This morning considered one of our merchants made an error when inputting a transaction. Inside minutes, we recognized the error and corrected it,” Citigroup stated in a press release.

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Reporting by Megan Davies; Enhancing by Kim Coghill

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