• Credit Cards
  • View All Credit Cards
  • See If You're Pre-Selected
  • Balance Transfer Credit Cards
  • 0% Intro APR Credit Cards
  • Rewards Credit Cards
  • Cash Back Credit Cards
  • Travel Credit Cards
  • Retail Store Cards
  • Small Business Credit Cards

Quick Links

citi defense travel

  • Banking Overview
  • Certificates of Deposit
  • Banking IRAs
  • Small Business Banking

citi defense travel

  • Personal Loans
  • Overdraft Line of Credit
  • Home Lending
  • Refinance Your Home
  • Use Your Home Equity
  • Small Business Lending

citi defense travel

  • Investing Overview
  • Self-Directed Investing
  • Guided Investing
  • Working with an Advisor

citi defense travel

  • Wealth Management
  • Citigold ® Private Client
  • Citi Priority

citi defense travel

  • Open an Account

Notificación importante

Por favor, tenga en cuenta que las comunicaciones verbales y escritas de Citi podrían estar únicamente en inglés, ya que, tal vez, no podamos proporcionar comunicaciones relacionadas con los servicios en todos los idiomas. Estas comunicaciones podrían incluir, entre otras, contratos, divulgaciones y estados de cuenta, cambios en los términos o en los cargos, así como cualquier documento de mantenimiento de su cuenta.

Please be advised that verbal and written communications from Citi may be in English as we may not be able to provide servicing related communications in all languages. These communications may include, but are not limited to, account agreements, statements and disclosures, change in terms or fees; or any servicing of your account. If you need assistance in a language other than English, please contact us as we have language services that may be of assistance to you.

CITI TRAVEL with Booking.com

Introducing citi travel℠: your first stop to your next destination.

Earn ThankYou ® Points when you pay for part, or all, of your trip with your eligible Citi Card through the Citi Travel portal. Plus, you can redeem your points towards even more adventures through the Citi Travel portal. With customizable options and booking right from your Citi Mobile ® App for eligible cardholders, the way to go is now way easier.

Earn More ThankYou ® Points on Select Bookings Through the Citi Travel portal

10x the fun with citi strata premier℠.

Earn a total of 10x ThankYou ® Points on hotels and car rentals when you book on the Citi Travel portal. 1

5X the Fun with Rewards+ ®

Earn a total of 5x ThankYou ® Points on hotels and car rentals when you book on the Citi Travel portal. Offer expires December 31, 2025. 2

More Points, More Fun with Double Cash ®

Earn a total of 5 ThankYou ® Points per $1 spent on hotels and car rentals when you book on the Citi Travel portal. Offers expires December 31, 2024. 3

Offer provides 3 additional points on top of the 1 point per dollar on purchases and 1 point per dollar for payments on purchases

Earn More Points with Custom Cash ®

Earn an unlimited additional 4 ThankYou ® Points per $1 spent on hotels and car rentals when you book on the Citi Travel portal. Offers expires June 30, 2025. 4

Additional Citi Travel Portal Benefits

The citi travel portal offers perks to make your travel booking experience easier and more convenient., access to over 1.4 million hotel and resort options, competitive prices when booking flights, hotels, cars and attractions, 24/7 customer service support for your booking needs.

cards-art

ThankYou ® Cards Make Every Day More Rewarding

It's easy to earn ThankYou ® Points with Citi credit cards. Find the one that helps you earn the most on your daily spending.

Citi Travel: Frequently Asked Questions

What is the citi travel portal.

Citi Travel is a travel booking portal that gives eligible Citi card members access to book flights, hotels, rental cars, and attractions at competitive prices, along with 24/7 customer support. Additionally, when you book through the Citi Travel portal using ThankYou ® rewards cards, you can earn ThankYou ® points on your travel spending which can then be redeemed to be used on your next journey.

How do I book through the Citi Travel portal?

To book through the Citi Travel portal:

  • Login into your Citi Mobile App or directly into the Citi Travel portal using your Citi Online User ID and password.
  • After that, search for the flights, hotels, car rentals or attractions you want to book and enter the necessary information (such as number of guests or passengers, travel dates, etc.)
  • Confirm your booking and choose whether you want to pay with card, points, or a combination of these purchase options.ns.

Can I use any Citi ® card to book through Citi Travel?

All Citi ThankYou ® Rewards Credit Cards

Citi Travel℠ is powered by Rocket Travel Inc., part of the Booking Holdings Inc. group of companies together with Booking.com.

1 You will earn 10 ThankYou Points for each $1 spent on hotels, car rentals, and attractions when you use your Citi Strata Premier Card to book them through the Citi Travel site via CitiTravel.com or 1-833-737-1288 (TTY: 711). For bookings made with a combination of points and your Citi Strata Premier Card, only the portion paid with your card will earn points. Points are not earned on cancelled bookings. If your account is closed for any reason, including if you convert to another card product, you will no longer be eligible for this offer. Citi Travel is powered by Rocket Travel Inc., part of the Booking Holdings Inc. group of companies together with Booking.com.

2 Earn a total of 5 ThankYou ® Points per $1 spent on hotel, car rental and attractions excluding air travel when booked through the Citi Travel℠ portal on cititravel.com or by calling 1-833-737-1288 and saying "Travel". Offer is valid through 11:59 PM 12/31/2025. You earn 1 ThankYou ® Point per $1 spent on the Citi Travel portal bookings. You will earn an additional 4 bonus ThankYou ® Points per $1 spent on hotel, car rental and attractions excluding air travel when booked through the Citi Travel portal or by calling 1-833-737-1288 through 11:59 PM 12/31/2025. The booking must post to your account during the promotional period to qualify. This offer may overlap with other special offers in which you are currently enrolled. You must use your Citi Rewards+ ® Card registered at the Citi Travel portal to earn the bonus points . For bookings made with a combination of points and your Citi Rewards+ ® Card, only the portion paid with your card will earn points. Bonus points will take up to 3 billing cycles to post to your account. To qualify for this offer, this account must be open and current. Points will not be earned on canceled bookings. If your account is closed for any reason, including if you convert to another card product, you will no longer be eligible for this offer. Citi Travel is powered by Rocket Travel Inc., part of the Booking Holdings Inc. group of companies together with booking.com.

3 Earn a total of 5 ThankYou Points per $1 spent on hotel, car rental, and attractions excluding air travel when booked through the Citi Travel℠ portal on cititravel.com or by calling 1-833-737-1288 and saying "Travel". Offer is valid through 11:59 PM Eastern Time (ET) 12/31/2024. You earn 1 ThankYou Point per $1 spent on the Citi Travel portal bookings and an additional 1 ThankYou Point per $1 paid on Eligible Payments (as defined in the Citi ThankYou ® Rewards Terms and Conditions for Citi Double Cash ® Card Accounts) made to your Citi Double Cash card account. You will earn an additional 3 bonus ThankYou Points per $1 spent on hotel, car rental, and attractions excluding air travel when booked through the Citi Travel portal or by calling 1-833-737-1288 through 11:59 PM Eastern Time (ET) 12/31/2024. The booking must post to your account during the promotional period to qualify. This offer may overlap with other special offers in which you are currently enrolled. You must use your Citi Double Cash Card registered at the Citi Travel portal to earn the bonus points . For bookings made with a combination of points and your eligible Citi Double Cash card, only the portion paid with your card will earn the additional points. Bonus points may take one or two billing cycles to post to your account. To qualify for this offer, this account must be open and current. Points will not be earned on canceled bookings. If your account is closed for any reason, including if you convert to another card product, you will no longer be eligible for this offer. Citi Travel is powered by Rocket Travel Inc., part of the Booking Holdings Inc. group of companies together with booking.com.

4 Earn an additional 4 Thank You Points per $1 spent on hotel, car rental, and attractions excluding air travel through the Citi Travel℠ portal or by calling 1-833-737-1288 (TTY: 711). Offer is valid through 11:59 PM Eastern Time (ET) 6/30/2025. The booking must post to your account during the promotional period to qualify. This offer may overlap with other special offers in which you are currently enrolled. You must use your Citi Custom Cash ® Card registered at the Citi Travel portal to earn the bonus points . For bookings made with a combination of points and your eligible Citi card, only the portion paid with your card will earn the additional points. Bonus points may take one or two billing cycles to post to your account. To qualify for this offer, this account must be open and current. Points will not be earned on canceled bookings. If your account is closed for any reason, including if you convert to another card product, you will no longer be eligible for this offer. Citi Travel is powered by Rocket Travel Inc., part of the Booking Holdings Inc. group of companies together with booking.com.

To provide you with extra security, we may need to ask for more information before you can use the feature you selected.

Just a moment, please...

Get Citibank information on the countries & jurisdictions we serve

You are leaving a Citi Website and going to a third party site. That site may have a privacy policy different from Citi and may provide less security than this Citi site. Citi and its affiliates are not responsible for the products, services, and content on the third party website. Do you want to go to the third party site?

Citi is not responsible for the products, services or facilities provided and/or owned by other companies.

Por favor, tenga en cuenta que las comunicaciones verbales y escritas de Citi podrían estar únicamente en inglés, ya que, tal vez, no podamos proporcionar comunicaciones relacionadas con los servicios en todos los idiomas. Estas comunicaciones podrían incluir, entre otras, contratos, divulgaciones y estados de cuenta, cambios en los términos o en los cargos, así como cualquier documento de mantenimiento de su cuenta. Si necesita ayuda en un idioma distinto al inglés, por favor, comuníquese con nosotros, ya que tenemos servicios de idiomas que podrían serle útiles.

Share Your Screen With A Phone Representative

During your call, you may be asked to share your screen for a faster, more efficient experience. If you agree, the phone representative you're speaking with will give you a Service Code to enter below.

If you need assistance from a Citi representative, contact us via chat or phone

citi defense travel

An official website of the United States government

Here’s how you know

Official websites use .gov A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

GSA Logo

  • Explore sell to government
  • Ways you can sell to government
  • How to access contract opportunities
  • Conduct market research
  • Register your business
  • Certify as a small business
  • Become a schedule holder
  • Market your business
  • Research active solicitations
  • Respond to a solicitation
  • What to expect during the award process
  • Comply with contractual requirements
  • Handle contract modifications
  • Monitor past performance evaluations
  • Explore real estate
  • 3D-4D building information modeling
  • Art in architecture | Fine arts
  • Computer-aided design standards
  • Commissioning
  • Design excellence
  • Engineering
  • Project management information system
  • Spatial data management
  • Facilities operations
  • Smart buildings
  • Tenant services
  • Utility services
  • Water quality management
  • Explore historic buildings
  • Heritage tourism
  • Historic preservation policy, tools and resources
  • Historic building stewardship
  • Videos, pictures, posters and more
  • NEPA implementation
  • Courthouse program
  • Land ports of entry
  • Prospectus library
  • Regional buildings
  • Renting property
  • Visiting public buildings
  • Real property disposal
  • Reimbursable services (RWA)
  • Rental policy and procedures
  • Site selection and relocation
  • For businesses seeking opportunities
  • For federal customers
  • For workers in federal buildings
  • Explore policy and regulations
  • Acquisition management policy
  • Aviation management policy
  • Information technology policy
  • Real property management policy
  • Relocation management policy
  • Travel management policy
  • Vehicle management policy
  • Federal acquisition regulations
  • Federal management regulations
  • Federal travel regulations
  • GSA acquisition manual
  • Managing the federal rulemaking process
  • Explore small business
  • Explore business models
  • Research the federal market
  • Forecast of contracting opportunities
  • Events and contacts
  • Explore travel
  • Per diem rates
  • Transportation (airfare rates, POV rates, etc.)
  • State tax exemption
  • Travel charge card
  • Conferences and meetings
  • E-gov travel service (ETS)
  • Travel category schedule
  • Federal travel regulation
  • Travel policy
  • Explore technology
  • Cloud computing services
  • Cybersecurity products and services
  • Data center services
  • Hardware products and services
  • Professional IT services
  • Software products and services
  • Telecommunications and network services
  • Work with small businesses
  • Governmentwide acquisition contracts
  • MAS information technology
  • Software purchase agreements
  • Cybersecurity
  • Digital strategy
  • Emerging citizen technology
  • Federal identity, credentials, and access management
  • Mobile government
  • Technology modernization fund
  • Explore about us
  • Annual reports
  • Mission and strategic goals
  • Role in presidential transitions
  • Get an internship
  • Launch your career
  • Elevate your professional career
  • Discover special hiring paths
  • Events and training
  • Agency blog
  • Congressional testimony
  • GSA does that podcast
  • News releases
  • Leadership directory
  • Staff directory
  • Office of the administrator
  • Federal Acquisition Service
  • Public Buildings Service
  • Staff offices
  • Board of Contract Appeals
  • Office of Inspector General
  • Region 1 | New England
  • Region 2 | Northeast and Caribbean
  • Region 3 | Mid-Atlantic
  • Region 4 | Southeast Sunbelt
  • Region 5 | Great Lakes
  • Region 6 | Heartland
  • Region 7 | Greater Southwest
  • Region 8 | Rocky Mountain
  • Region 9 | Pacific Rim
  • Region 10 | Northwest/Arctic
  • Region 11 | National Capital Region
  • Per Diem Lookup

City Pair Program (CPP)

The OMB-designated Best-in-Class City Pair Program procures and manages discounted air passenger transportation services for federal government travelers. At its inception in 1980 this service covered only 11 markets, and now covers over 13,000 markets. Today, CPP offers four different contract fares.

Fare finder

  • Search for contract fares

Note: All fares are listed one-way and are valid in either direction. Disclaimer - taxes and fees may apply to the final price

Taxes and fees may apply to the final price

Your agency’s authorized travel management system will show the final price, excluding baggage fees. Commercial baggage fees can be found on the Airline information page.

Domestic fares include all existing Federal, State, and local taxes, as well as airport maintenance fees and other administrative fees. Domestic fares do not include fees such as passenger facility charges, segment fees, and passenger security service fees.

International

International fares do not include taxes and fees, but include fuel surcharge fees.

Note for international fares: City codes, such as Washington (WAS), are used for international routes.

Federal travelers should use their authorized travel management system when booking airfare.

  • E-Gov Travel Service for civilian agencies.
  • Defense Travel System for the Department of Defense.

If these services are not fully implemented, travelers should use these links:

  • Travel Management Center for civilian agencies.
  • Defense Travel Management Office for the Department of Defense.

Contract Awards CSV

Download the FY24 City Pair Contract Awards [CSV - 1 MB] to have them available offline. The file updates after 11:59 pm Eastern Time on standard business days. Previous fiscal year contract awards can be found on the Fiscal documents and information page . To read more about the contract award highlights, please see our Award highlights .

Instructions for the FY24 CSV file

All fares are listed one-way and are valid in either direction. In the CSV file, Origin and Destination are in alphabetical order regardless of travel direction. The Origin is the airport code (domestic travel) or city code (international travel) that comes first alphabetically and the Destination is the airport or city code that comes second alphabetically.

For example, you are traveling from Washington, DC to London, England. You know the city codes are WAS and LON respectively. The city code LON comes first alphabetically and WAS comes second alphabetically. To find the contract fares, you filter:

City Pair Program benefits and info

CPP offers government travelers extra features and flexibility when planning official travel, in addition to maintaining deep program discounts. These include:

  • Fully refundable tickets
  • No advance purchase required
  • No change fees or cancelation penalties
  • Stable prices which enables accurate travel budgeting
  • No blackout dates
  • Fares priced on one-way routes, permitting agencies to plan multiple destinations

GSA Best-in-class logo

CPP is a mandatory use, government-wide program, designated as a Best-In-Class procurement by OMB. The program delivers best value airfares, and ensures federal agencies effectively and efficiently meet their mission.

CPP saves the federal government time and money by maintaining one government-wide air program. At the acquisition level CPP delivers data analysis, compliance, and uses strategic sourcing to optimize its service.

PER DIEM LOOK-UP

1 choose a location.

Error, The Per Diem API is not responding. Please try again later.

No results could be found for the location you've entered.

Rates for Alaska, Hawaii, U.S. Territories and Possessions are set by the Department of Defense .

Rates for foreign countries are set by the State Department .

2 Choose a date

Rates are available between 10/1/2021 and 09/30/2024.

The End Date of your trip can not occur before the Start Date.

Traveler reimbursement is based on the location of the work activities and not the accommodations, unless lodging is not available at the work activity, then the agency may authorize the rate where lodging is obtained.

Unless otherwise specified, the per diem locality is defined as "all locations within, or entirely surrounded by, the corporate limits of the key city, including independent entities located within those boundaries."

Per diem localities with county definitions shall include "all locations within, or entirely surrounded by, the corporate limits of the key city as well as the boundaries of the listed counties, including independent entities located within the boundaries of the key city and the listed counties (unless otherwise listed separately)."

When a military installation or Government - related facility(whether or not specifically named) is located partially within more than one city or county boundary, the applicable per diem rate for the entire installation or facility is the higher of the rates which apply to the cities and / or counties, even though part(s) of such activities may be located outside the defined per diem locality.

Read the Latest on Page Six

latest in US News

Catholic group Knights of Columbus sues Biden administration for denying permit for Memorial Day mass: 'Way out of line'

Catholic group Knights of Columbus sues Biden administration for...

Nathan Wade defends workplace romance with Fani Willis during Trump case: ‘Grew organically’

Nathan Wade defends workplace romance with Fani Willis during...

UCLA police chief John Thomas reassigned following criticism over handling of anti-Israel protests

UCLA police chief reassigned following criticism over handling of...

Nashville council rejects proposed sign for Morgan Wallen’s new bar, decrying his behavior

Nashville council rejects proposed sign for Morgan Wallen’s new...

Rodeo star Spencer Wright's 3-year-old son brain dead after driving toy tractor into Utah river

Rodeo star's 3-year-old son brain dead after driving toy tractor...

Obama administration prevented FBI from arresting ‘known terrorists’ and others linked to Iran during nuclear deal negotiations, GOP senators say 

Obama administration prevented FBI from arresting ‘known...

Miss USA Savannah Gankiewicz reveals onslaught of bullying since accepting crown after original winner's shocking resignation

Miss USA reveals onslaught of bullying since accepting crown...

Model kept unwashed clothes she wore when Sean 'Diddy' Combs allegedly drugged, sexually assaulted her in 2003: lawsuit

Model kept unwashed clothes she wore when Sean 'Diddy' Combs...

Breaking news, witness at karen read trial contradicts key defense argument over her cop beau’s death.

  • View Author Archive
  • Get author RSS feed

Thanks for contacting us. We've received your submission.

Accused cop murderer Karen Read faced off against acquaintance Jennifer McCabe for a third day in a Massachusetts court where McCabe’s testimony contradicted key defense arguments.

Read, 45, is on trial in Norfolk Superior Court in Dedham on second-degree murder charges for allegedly backing over her boyfriend — Boston police officer John O’Keefe, 46 — with her car and leaving him to die in the cold on Jan. 29, 2022.

O’Keefe’s pal Jennifer McCabe wrapped up her third day on the witness stand Wednesday morning during questioning about when she, Read and third friend Kerry Roberts found O’Keefe in the snow around 6 a.m., according to a report by CBS News .

Karen Read in court during Jennifer McCabe testimony

Read has claimed she was a scapegoat in a conspiracy and O’Keefe was actually killed during a fight at the home of his friend Brian Albert and was later brought outside the Canton, Mass. home to make Read look guilty.

McCabe says Read told her to do a Google search for “how long it takes someone to die in the snow,” and while prosecutors say the searches occurred at 6:23 a.m. and 6:24 a.m., Read’s lawyers have tried to argue the search was conducted by McCabe hours before finding O’Keefe at 2:27 a.m.

“I never searched at 2:27. That is not reality,” McCabe said. “I’m sure [telecommunications company] Cellebrite will be able to explain to you. I certainly can’t.”

Internet search results are presented by the defense as defense attorney Alan Jackson questions witness Jen McCabe as she testifies during Karen Read's murder trail, Wednesday, May 22, 2024, at Dedham Superior Court in Dedham, Mass. Read is facing charges including second degree murder in the 2022 death of her boyfriend Boston Officer John OâKeefe. (Greg Derr/The Patriot Ledger via AP, Pool)

Read’s defense attorney Alan Jackson pressed McCabe on the issue even accusing her of deleting the Google search since it could make her look guilty.

“Did you delete that search because you knew you would be implicated in John O’Keefe’s death if that search was found on your phone?” Jackson asked.

“I did not delete that search. I never made that search at 2:23. I never would have left John O’Keefe out in the cold to die. Because he was my friend that I love,” McCabe answered.

Jennifer McCabe

McCabe also testified she heard Read say the morning they found O’Keefe, “I hit him, I hit him, I hit him.”

But Read denies saying this and her lawyers have alleged that McCabe was involved in the cover-up to frame Read.

Read lawyers claim that Read dropped O’Keefe off at a party with his cop friends at McCabe’s home around 12:30 a.m. after the couple had been drinking.

Karen Read

And when she woke up around 4:30 a.m. and O’Keefe still hadn’t returned she called her boyfriend, then McCabe and O’Keefe’s other friend Kerry Roberts.

Read, McCabe and Roberts drove to O’Keefe’s home and then Albert’s looking for him only to find him unconscious in a snowbank, with skull fractures, swollen eyes and hyperthermia.

But prosecutors claim that Read and O’Keefe got into a drunken fight in her car while she was dropping him off and she intentionally backed her Lexus SUV into him out of anger.

A federal probe has been launched over whether a police cover-up occurred in the handling of O’Keefe’s murder.

Share this article:

Karen Read in court during Jennifer McCabe testimony

Advertisement

  • Today's news
  • Reviews and deals
  • Climate change
  • 2024 election
  • Fall allergies
  • Health news
  • Mental health
  • Sexual health
  • Family health
  • So mini ways
  • Unapologetically
  • Buying guides

Entertainment

  • How to Watch
  • My Portfolio
  • Latest News
  • Stock Market
  • Premium News
  • Biden Economy
  • EV Deep Dive
  • Stocks: Most Actives
  • Stocks: Gainers
  • Stocks: Losers
  • Trending Tickers
  • World Indices
  • US Treasury Bonds
  • Top Mutual Funds
  • Highest Open Interest
  • Highest Implied Volatility
  • Stock Comparison
  • Advanced Charts
  • Currency Converter
  • Basic Materials
  • Communication Services
  • Consumer Cyclical
  • Consumer Defensive
  • Financial Services
  • Industrials
  • Real Estate
  • Mutual Funds
  • Credit cards
  • Balance Transfer Cards
  • Cash-back Cards
  • Rewards Cards
  • Travel Cards
  • Personal Loans
  • Student Loans
  • Car Insurance
  • Morning Brief
  • Market Domination
  • Market Domination Overtime
  • Asking for a Trend
  • Opening Bid
  • Stocks in Translation
  • Lead This Way
  • Good Buy or Goodbye?
  • Fantasy football
  • Pro Pick 'Em
  • College Pick 'Em
  • Fantasy baseball
  • Fantasy hockey
  • Fantasy basketball
  • Download the app
  • Daily fantasy
  • Scores and schedules
  • GameChannel
  • World Baseball Classic
  • Premier League
  • CONCACAF League
  • Champions League
  • Motorsports
  • Horse racing
  • Newsletters

New on Yahoo

  • Privacy Dashboard

Yahoo Finance

Citi Trader Got 711 Warning Messages Before Sparking Flash Crash

(Bloomberg) -- For one Citigroup Inc. trader in London, the morning of May 2, 2022 went from bad to worse.

Most Read from Bloomberg

These Flight Routes Suffer the World’s Worst Turbulence

Nvidia Forecast Shatters Estimates as AI Boom Stays Strong

One Dead After Singapore Air Flight Hit By Severe Turbulence

It was a public holiday in the UK, so it should have been a quiet day in the markets. A little before 9 a.m., the staffer on Citigroup’s Delta One trading desk — who was working from home — began putting together a trade that would hedge the bank’s exposure to the MSCI World Index.

A tool that employees usually used for such a transaction wasn’t available that morning, so the trader had to manually build the basket of stocks. That’s where things started to go wrong.

In Citigroup’s systems, traders have the option of either entering the notional value of a trade they want to make or entering the quantity of index units they want to trade. On that day in May, the trader meant to create a basket of equities valued at $58 million, but accidentally entered that 58 million into the quantity field instead, creating a mammoth $444 billion basket containing 349 stocks from 13 different countries.

The Wall Street giant’s systems immediately fired off hundreds of warnings, ultimately blocking some — but not all — of the trade from going through. Still, about $1.4 billion worth of equities began to be sold across European exchanges.

Markets immediately started going haywire. Within minutes, the trader realized the mistake and canceled the order. But the damage was done: The blunder had sparked a five-minute selloff in European stocks, wreaking havoc in bourses stretching from France to Norway.

Two years on, UK regulators on Wednesday revealed the result of their long-running probe into Citigroup’s actions that day as they saddled the bank with £61.6 million ($78 million) in penalties for the mistake. Their findings offer the first window into how a fat-finger glitch — along with a bevy of risk management lapses — turned into a flash crash that at one point wiped €300 billion ($325 billion) off European stocks.

Read more: A Brief History of Wall Street’s Fat Finger Problem: QuickTake

It’s the latest blow for Chief Executive Officer Jane Fraser, who has spent years trying to shore up the lending giant’s underlying risk management systems.

“These failings led to over a billion pounds of erroneous orders being executed and risked creating a disorderly market,” Steve Smart, joint executive director of enforcement and market oversight at the Financial Conduct Authority, said in a statement. “We expect firms to look at their own controls and ensure that they are appropriate given the speed and complexity of financial markets.”

The trader has since left Citigroup, according to people familiar with the matter. A spokesperson for the bank declined to comment.

Fifteen Minutes

Just before the trader began putting together the errant transaction, a separate team at Citigroup was figuring out how to handle its responsibilities for the day.

The bank’s algorithmic service desk, which normally oversees the real-time monitoring of internal executions, had decided to transfer those responsibilities to the electronic execution desk because it had staff out on scheduled leave that day.

When the trader first input the erroneous trade, he was met with a wall of 711 warning messages. He quickly overrode the ones he could and the order was placed at 8:56 a.m.

Trades began being executed across exchanges in Austria, Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Portugal, Spain, Sweden and Switzerland, sparking a sudden drop in European indexes. Inside Citigroup, executives were puzzled by the dip and consulted newswires to try to figure out what was behind it.

By 9:10 a.m., the trader had canceled the order, saddling Citigroup with a $48 million loss.

The electronic execution desk had been receiving hundreds of alerts about the erroneous trade but failed to escalate any of them. A separate team known as the e-trading risk and controls team also escalated the incident to the electronic execution desk but not until 9:31 a.m.

“The immediate cause of the trading error was a manual input error by the trader,” the Bank of England’s Prudential Regulatory Authority said Wednesday in its findings. “The error was then not identified by either of the firm’s risk functions dedicated to real-time monitoring of the firm’s trades, but by the trader some 15 minutes after the trade was entered into the firm’s systems.”

Hard, Soft Blocks

Citigroup’s systems had two lines of defense against these kinds of errant trades: Soft blocks and hard blocks.

The bank sets a series of thresholds for each type of block. If a trade triggers one of these, a pop-up appears. Soft blocks can be overridden, but not hard blocks.

Citigroup had increased some of these thresholds to account for the periods of heightened volatility during the pandemic. But two years on, it hadn’t reset those limits.

Still, it was these hard blocks that stopped some of the trade from going through. But the UK regulators on Wednesday noted that in the US, Citigroup had rules in place since 2013 that would have stopped all of the trade from going through.

“We are pleased to resolve this matter from more than two years ago, which arose from an individual error that was identified and corrected within minutes,” Citigroup said in a statement. “We immediately took steps to strengthen our systems and controls, and remain committed to ensuring full regulatory compliance.”

The penalties come as a blow to Citigroup’s equities trading unit, led by Fater Belbachir. The division has spent years trying to climb the ranks of stock trading, but it remains far behind rivals like Goldman Sachs Group Inc. or JPMorgan Chase & Co.

When regulators were formulating how big of a penalty to assess on Citigroup for the failures, they said that they considered that the trading desks within the bank’s Delta One division that used the order management system at the heart of the blunder had generated roughly $612 million in the nine years leading up to the errant trade, or an average of about $68 million a year.

Read this next: Harassment and Drugs Plagued a Citigroup Division for Years

That would mean that between the fines and the trading losses from the day, the erroneous trade cost those desks nearly two years of revenue.

--With assistance from Laura Noonan.

(Updates with more information about trader in tenth paragraph.)

Most Read from Bloomberg Businessweek

A Hidden Variable in the Presidential Race: Fears of ‘Trump Forever’

Google’s Moonshot Factory Falls Back Down to Earth

How the $17 Desk Salad Won

What Neuralink’s First Patient Is Thinking

Millennium Covets Citadel-Size Commodities Gains, Just Not the Risk

©2024 Bloomberg L.P.

Recommended Stories

Ex-citi banker says she was fired for refusing to give false data to regulator.

A former managing director at Citigroup sued the bank and its chief operating officer on Wednesday, alleging she was fired for opposing what she said were attempts to give regulators false information. Kathleen Martin, a former managing director Citi hired in 2021 to help with data issues, said in a lawsuit filed in a New York district federal court that her supervisor COO Anand Selva wanted her to hide "critical information" from the Office of the Comptroller of the Currency (OCC) about the bank’s data governance metrics.

Bird Flu Cases Spur Retail Trader Rush Into Vaccine Stocks

(Bloomberg) -- Mounting cases of bird flu in humans is luring the day trading crowd to snap up stock in vaccine developers. It’s a familiar setup for industry veterans who have witnessed past trading frenzies at the first signs of an outbreak. Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hype, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashTech Up in Late Hours as Nvidia Emboldens AI Bulls:

Google's AI search overhaul raises 'more questions than answers' for its dominant ad business

Google's AI-driven approach is a bulwark against an emergent threat. It’s also a strategic gamble.

Democrats Send Big Oil Investigation to Justice Department

(Bloomberg) -- Democrats are asking the US Department of Justice to investigate major oil companies and their trade groups following a congressional probe that concluded the industry spent decades deceiving the public about climate change.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hype, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashTech Up in Late Hours as Nvidia Emboldens AI Bulls: Marke

The US economy is headed for a hard landing this year, and deep rate cuts are the only solution, Citi chief economist says

  • Citigroup's chief US economist told CNBC a deteriorating labor market was setting up a hard landing.
  • Andrew Hollenhorst said a gradual softening in the job market is happening and "tends to snowball."
  • He's calling for four interest-rate cuts this year; other forecasters are being more conservative.

Insider Today

A deteriorating labor market will be what causes the US economy to quickly turn sour, according to Andrew Hollenhorst, Citigroup's chief US economist. In fact, he sees an abrupt economic comeuppance later this year.

"Firms are hiring at a lower rate. Firms are having workers work less hours," he told CNBC on Tuesday. "So this gradual softening has already started. That tends to snowball and end up in something that looks more like a hard landing."

While recent labor-market data doesn't necessarily point to such a dire situation, Hollenhorst argued that certain reports revealed a more pessimistic environment than many may realize. A hard landing is a troublesome prospect, since a full-fledged recession can follow.

Related stories

"Small businesses are telling us that their hiring intentions are at the lowest levels that we've seen since 2016," he said, citing survey data from the National Federation of Independent Business. "And if I look overall at the economy, the hiring rate right now is at the lowest rate that it's been at since 2014. So we're at the lowest hiring rate in a decade."

Though NFIB data has fueled bearish sentiment for a while, Hollenhorst said a recent sharp drop from previous months made it worth paying attention to.

Even when taking a holistic perspective, there are reasons to worry. For instance, Hollenhorst argued that while the national unemployment rate has remained at about 3.9%, that's a big shift from its previous low of 3.5%.

Hollenhorst predicted that unemployment ticking up above 4% could trigger the Federal Reserve to start lowering interest rates as soon as July. Overall, he thinks four cuts will come before the end of 2024.

Other analysts have also voiced hard-landing calls pegged to labor-market deterioration. The veteran forecaster Danielle DiMartino Booth has said one unemployment indicator suggests a recession has already arrived .

Meanwhile, Hollenhorst said the likelihood of a July cut was bolstered by the prospect of a hard landing and weaker economic activity — specifically, he argued that the Fed's higher-for-longer interest-rate policy was grinding down on corporate earnings at a time when consumer savings have been run through.

Watch: How tech layoffs could affect the economy

citi defense travel

  • Main content

Ranking MLB stadiums from oldest to newest: Fenway Park, Wrigley Field to Globe Life Field

citi defense travel

How old is each MLB stadium?

Which MLB stadiums are the oldest? Which are the newest?

Take a look at each MLB team's current stadium, ranked from oldest to newest, based on the date of the team's first game in that ballpark.

There are 14 current MLB stadiums that were constructed prior to 2000, with some historic venues (Boston Red Sox's Fenway Park, Chicago Cubs' Wrigley Field) among them — ballparks that probably won't be replaced anytime soon due to the nostalgia surrounding the parks.

That leaves 16 current MLB ballparks that started being used in the 2000 season or even more recently. The Texas Rangers' Globe Life Field is the most recently constructed stadium.

Follow every MLB game: Latest MLB scores, stats, schedules and standings.

More: Ranking NHL arenas from oldest to newest: Madison Square Garden to Climate Pledge Arena

More: Ranking NFL stadiums from oldest to newest: Soldier Field, Lambeau Field to SoFi Stadium

More: Ranking NBA arenas from oldest to newest: Madison Square Garden to Chase Center

MLB stadium rankings from oldest to newest

  • Boston Red Sox - Fenway Park: April 20, 1912
  • Chicago Cubs - Wrigley Field: April 23, 1914
  • Los Angeles Dodgers - Dodger Stadium: April 10, 1962
  • Los Angeles Angels - Angel Stadium: April 19, 1966
  • Oakland Athletics - Oakland Coliseum: April 17, 1968
  • Kansas City Royals - Kaufman Stadium: April 10, 1973
  • Toronto Blue Jays - Rogers Centre: June 5, 1989
  • Chicago White Sox - Guaranteed Rate Field: April 18, 1991
  • Baltimore Orioles - Oriole Park at Camden Yards: April 6, 1992
  • Cleveland Guardians - Progressive Field: April 4, 1994
  • Colorado Rockies - Coors Field: April 26, 1995
  • Tampa Bay Rays - Tropicana Field: March 31, 1998
  • Arizona Diamondbacks - Chase Field: March 31, 1998
  • Seattle Mariners - T-Mobile Park: July 15, 1999
  • Houston Astros - Minute Maid Park: April 7, 2000
  • Detroit Tigers - Comerica Park: April 11, 2000
  • San Francisco Giants - Oracle Park: April 11, 2000
  • Milwaukee Brewers - American Family Field: April 6, 2001
  • Pittsburgh Pirates - PNC Park: April 9, 2001
  • Cincinnati Reds - Great American Ball Park: March 31, 2003
  • San Diego Padres - Petco Park: April 8, 2004
  • Philadelphia Phillies - Citizens Bank Park: April 12, 2004
  • St. Louis Cardinals - Busch Stadium: April 10, 2006
  • Washington Nationals - Nationals Park: March 30, 2008
  • New York Mets - Citi Field: April 13, 2009
  • New York Yankees - Yankee Stadium: April 16, 2009
  • Minnesota Twins - Target Field: April 12, 2010
  • Miami Marlines - loanDepot park: April 4, 2012
  • Atlanta Braves - Truist Park, April 14, 2017
  • Texas Rangers - Globe Life Field: July 24, 2020

MLB stadium rankings 2024: Is Arizona Diamondbacks' Chase Field really that bad?

More: Why Arizona Diamondbacks' Chase Field can have rainouts with roof; why there could be more

Reach Jeremy Cluff at  [email protected] . Follow him on X, formerly Twitter  @Jeremy_Cluff.

Support local journalism: Subscribe to  azcentral.com  today .

IMAGES

  1. Citi Department of Defense Travel Card Guide

    citi defense travel

  2. Citi Department of Defense Travel Card Guide

    citi defense travel

  3. City Defense!

    citi defense travel

  4. www.citimanager.com Login Government Travel : Department of Defense Travel Card Benefits

    citi defense travel

  5. Defense Travel System (DTS) being upgraded to new system by 2025

    citi defense travel

  6. City Defense for iPhone

    citi defense travel

VIDEO

  1. Day 8

  2. Everyone needs a self-defense travel package⚠️

  3. Gilgit Baltistan Scouts, Passing Out Parade

  4. 20230920 CITI Hearing: Industry Perspectives on Defense Innovation and Deterrence

COMMENTS

  1. Department of Defense Travel Card Benefits

    In addition to the card benefits provided by Citi, Visa provides card benefits such as Car Rental Insurance and Travel and Emergency Assistance. For full details, please read the Visa Guide to Benefits. Travel Tips. For more information on your Citi Department of Defense Travel Card, please read What to do Before, During and After travel ...

  2. Department of Defense Travel Clients

    Citi is authorized to give account information to the DoD Travel Card client or to a person authorized to act on his/her behalf ONLY if a Power of Attorney (POA) is on file. A POA is unique in every situation and must be given in writing; A Power of Attorney is accepted by mail or fax; Mail to: P.O Box 6125, Sioux Falls, South Dakota 57117-6125

  3. Citi Commercial Cards

    Log in to Citi Commercial Cards to manage your government travel card (GTC) account, view statements, make payments and more.

  4. Government Travel Charge Card

    Authorized by the DoDI 5154.31, Volume 4 [PDF, 10 pages], the Defense Travel Management Office (DTMO) manages the card program, providing guidance, policy, and training, and serves as a liaison to GSA, the travel card vendor, and DoD Component Program Managers on travel card related issues.DTMO is also responsible for developing, coordinating, and maintaining the Government Travel Charge Card ...

  5. Defense Travel System

    Mon - Fri 8am - 6pm ET. Save time at the airport and find out how you can participate for free. Access the Joint Travel Regulations and other travel policies. Featuring the best practices in industry and plug-and-play components, Defense Travel System streamlines the entire process involved in global Department of Defense (DoD) travel.

  6. citi-travel-login

    1 Earn a total of 10 ThankYou ® Points per $1 spent on hotel, car rental and attractions excluding air travel when booked through the Citi Travel℠ portal on cititravel.com or by calling 1-833-737-1288 (TTY: 711). Offer is valid through 11:59 PM 06/30/2024. You earn 3 ThankYou ® Points per $1 spent on the Citi Travel portal bookings. You will earn an additional 7 bonus ThankYou ® Points ...

  7. Government Travel Charge Card

    Citi customer service provides 24/7 assistance to cardholders at 1-800-200-7056 and 1-757-852-9076 (toll-free). These numbers are designated for DoD customers only. Remember, your APC is your first point of contact for travel card-related questions or issues. Call Citi Customer Service, or log on to CitiManager, to quickly obtain balance and ...

  8. Support

    Citi Customer Service | Traveler Line | 1-800-200-7056 or 1-757-852-9076 (toll-free) Citi Client Services | Agency Program Coordinator Line | 1-866-670-6462. DoD Travel Program Forms & Resources [citibank.com] Have an issue or question about official travel? You have options. Defense Travel Management Office.

  9. PDF Citi® Government Travel Card Cardholder Guide

    The Citi Government Travel Card is accepted at 27 million merchant locations and 1,500,000 ATMs worldwide. Exceptional dedicated customer services, wherever you are. Our Customer Service Center is committed to satisfying the needs of all Citi Government Travel Cardholders. Inside the U.S., simply call us toll- free at 1-800-790-7206,

  10. Defense Travel System

    DTS provides information to financial systems to provide the reimbursement of travel expenses incurred by individuals while traveling on official business. DTS includes a tracking and reporting system whereby DoD can monitor the authorization, obligation, and payment for such travel. ROUTINE USE: To Federal and private entities providing travel ...

  11. Citi Training Series

    This course is open to all DoD APCs. Monday, April 8, 2024. 2:45 PM ET - 4:30 PM ET. This course will provide a detailed look at the individual online application, how the status of each can be reviewed, and how to view the details of each request. This course is open to all DoD APCs. Thursday, April 18, 2024.

  12. Passport

    Passport. U.S. Department of Defense Warning Statement. You are accessing a U.S. Government (USG) Information System (IS) that is provided for USG-authorized use only. By using this IS (which includes any device attached to this IS), you consent to the following conditions: The USG routinely intercepts and monitors communications on this IS for ...

  13. PDF Department of Defense Travel Card Cardholder Guide

    Citi Customer Service Center toll-free number: 1-800-200-7056. Outside the U.S., call collect at 757-852-9076. TDD: 1-800-855-2880 For general information, visit www.citicommercialcards.com Written correspondence, including dispute forms, may be sent to: Citibank, N.A. PO Box 6408 Sioux Falls, SD 57117 Fax dispute forms to: 605-330-9902. Other ...

  14. Defense Travel Management Office

    Important Rental Car Insurance Information. Travelers who have rental car reservations booked with the following companies for travel starting on or after May 1, 2024, must be rebooked in DTS immediately: Ace, Alamo, Avis, Budget, Enterprise, Europcar, Fox, National, NextCar, Nissan, Payless, Routes, and Sixt.

  15. PDF Citi Government Travel Card Cardholder Guide

    The Citi Government Travel Card is accepted at 45 million merchant locations and 2.6 million ATMs worldwide. Exceptional dedicated customer services, wherever you are. Our Customer Service Center is committed to satisfying the needs of all Citi Government Travel Cardholders. Inside the U.S., simply call us toll-free at 1-800-790-7206, 24 hours ...

  16. City Pair Program (CPP)

    The OMB-designated Best-in-Class City Pair Program procures and manages discounted air passenger transportation services for federal government travelers. At its inception in 1980 this service covered only 11 markets, and now covers over 13,000 markets. Today, CPP offers four different contract fares.

  17. Citi Commercial Cards

    Manage your Citi Commercial Card. Manage Your Travel on the Go! Manage your travel on the go with CitiManager. View the site for tips and frequently asked questions. Learn More. Need Help Navigating CitiManager? Click learn more to watch our quick video tutorials that will help you to use CitiManager.

  18. Witness contradicts Karen Read's key defense argument

    Witness at Karen Read trial contradicts key defense argument over her cop beau's death. Accused cop murderer Karen Read faced off against acquaintance Jennifer McCabe for a third day in a ...

  19. Citi Trader Got 711 Warning Messages Before Sparking Flash Crash

    When the trader first input the erroneous trade, he was met with a wall of 711 warning messages. He quickly overrode the ones he could and the order was placed at 8:56 a.m. Trades began being ...

  20. Government Travel Charge Card

    Program Management Training. Mandatory Travel Card Program Management Training for APCs [login required] is required for APCs when first appointed and again every three years to retain their completion certificate. Find it in TraX, DTMO's web portal.. CitiManager Training. Citi also offers instructor-led training and online training to support APCs [citibank.com] in the use of the travel card ...

  21. Watch: How tech layoffs could affect the economy

    The US economy is headed for a hard landing this year, and deep rate cuts are the only solution, Citi chief economist says. Citigroup's chief US economist told CNBC a deteriorating labor market ...

  22. Ranking MLB stadiums from oldest to newest: How old is each ballpark?

    Boston Red Sox - Fenway Park: April 20, 1912. Chicago Cubs - Wrigley Field: April 23, 1914. Los Angeles Dodgers - Dodger Stadium: April 10, 1962. Los Angeles Angels - Angel Stadium: April 19, 1966 ...

  23. PDF Cardholder Reference Edition

    DEFENSE TRAVEL MANAGEMENT OFFICE May 2022. 3 . Government Travel Charge Card Regulations . Cardholder Reference Edition . POLICY AND PURPOSE . 1. Overview ... Credit scores are only reviewed by Citibank and not provided to the cardholder or the APC. The default limits are $4,000 for credit, $250for cash, and $100

  24. PDF Individually Billed Account Travel Card Set Up Form

    Complete this form to apply for an individually billed cardholder travel card account for a Department of Defense employee. This form should only be used to request the opening of a new account for a new cardholder. Instructions: Who: Cardholders: This form is only to be used to open a new account.

  25. Meningitis outbreak in Saudi Arabia spreading to Muslim pilgrims

    The Hajj is an annual pilgrimage, scheduled to occur June 14 to 19 this year, in which between 2 to 3 million Muslims travel to Mecca. Saudi Arabia requires all Hajj and Umrah pilgrims older than ...