Flash crash set off by ‘fat-fingered’ Citigroup trader could cost $50m

Details emerge after London-based employee incorrectly added a zero to a transaction

A “fat-finger error” by a London-based trader at Citigroup that triggered a flash crash across European stock markets could cost the bank at least $50m (£39.8m).

The trader was working from home last month when they incorrectly added an extra zero to a trade, Bloomberg reported, quoting “people familiar with the matter”.

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