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A $1.2 Million Bank Error Buys a House, and an Arrest, Officials Say

Kelyn Spadoni tried to keep a deposit that was off by five decimal places, according to the authorities, who said she was charged with fraud and fired from her job on the same day. ....

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Charles Schwab Tries, Probably Fails To Make Citi Feel Better About That Whole Accidentally Sending People Too Much Money Thing

Charles Schwab Tries, Probably Fails To Make Citi Feel Better About That Whole Accidentally Sending People Too Much Money Thing
Misery loves company, but is Schwab really all that miserable?
Author:
Misery loves company, but is Schwab really all that miserable?
Citigroup is no doubt still smarting about the whole accidentally-sending-$900-million-to-the-hedge-funds-who-were-already-fighting-us-over-that-$900-million-and-being-unable-to-get-it-back thing. Understandably so. But, look, guys, everyone makes mistakes, as Charles Schwab has very kindly decided to demonstrate, albeit in a couple-of-orders-of-magnitude-smaller sort of way.
It was the type of windfall that investors pine for with every rally on Wall Street: $1,205,619.56 had inexplicably ended up in the brokerage account of a 911 dispatcher in Louisiana in February…. Charles Schwab said that it was supposed to have moved only $82.56 into Ms. Spadoni’s Fidelity Brokerage Services account, but that a ....

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