Bank Error in Bank’s Favor

Apparently, Ally Bank software failed to pay interest to CD holders:

We goofed.

That is the message Ally Financial is delivering to some of its customers.

The online lender mistakenly failed in December to credit year-end interest earned by some savers who hold its certificates of deposit. The company also provided these customers with incorrect tax information that didn’t reflect the interest they should have earned.

Uh, oops. This might be the first case of a bank itself doing a Salami attack.

On the other hand, no doubt they made the launch date.

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