Tag: DeutscheBank

Oops…Deutsche Bank makes 28bn euro transfer in error

  FRANKFURT AM MAIN, Germany (AFP) — Germany’s biggest lender Deutsche Bank on Friday admitted to a massive erroneous transfer of 28 billion euros ($34 billion) in a routine operation, more than the entire bank is worth. The unprecedented mistake happened on March 16 when Deutsche Bank carried out a transfer to an account at Deutsche Boerse’s Eurex clearing house, a spokesman told AFP. The operation was meant to involve a far smaller sum, which […]