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Back in the summer of 2015, Deutsche Bank mistakenly paid $6 billion to a hedge fund client in a “fat finger” trade on its foreign exchange desk . The embarrassed bank recovered the money from the US hedge fund the next day, and quickly accused a juniDeutsche Bank «Mistakenly» Sends $35 Billion Out The Door
Back in the summer of 2015, Deutsche Bank mistakenly paid $6 billion to a hedge fund client in a “fat finger” trade on its foreign exchange desk . The embarrassed bank recovered the money from the US hedge fund the next day, and quickly accused a junior member of the bank’s forex sales team of being responsible for the transfer while his boss was on holiday; as the bank further explained, instead of processing a net value, the person processed a gross figure: «That meant the trade had too many zeroes» a staffer helpfully explained. Fast forward to today when Germany's largest bank has done it again. Read more