Back to Main Theme

Culture & Consequences

Examples from the headlines of how culture and behavior drive critical business outcomes.

Advanced Filters
Contributors
Culture & Consequences
Clear All
How Citi Made (and Fixed) an $81 Trillion Mistake

by Starling Insights

Observations

Mar 04, 2025

Last year, Citigroup mistakenly credited a client's account with $81 trillion instead of $280, an error that briefly went unnoticed before being caught 90 minutes later, as reported by The New York Times.

The 2024 Compendium is available June 11th!

Now in its 7th year, Starling's Compendium features over 40 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

UK PRA Raises Expectations for Boards on Culture

by Starling Insights

Observations

Jan 24, 2025

In a "Dear CEO" letter sent to the heads of international banks earlier this week, the UK Prudential Regulation Authority (PRA) outlines its supervisory priorities regarding those institutions for 2025, including a heightened focus on risk management, governance, and resilience.