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Deutsche Bank’s 26 Billion Euros Blunder
The bank accidently sent 26 Billion Euros to an account in Deutsche Boerse AG's Eurex clearinghouse in 2018. The bank had claimed that it was an operational error which happened during the movement of the collateral between
The bank accidently sent 26 Billion Euros to an account in Deutsche Boerse AG's Eurex clearinghouse in 2018. The bank had claimed that it was an operational error which happened during the movement of the collateral between
Deutsche Bank's principal accounts and Deutsche Bank's Eurex account. The spokesman of Deutsche bank said that the errors was identified within a matter of minutes and was rectified.
He also added that they had taken measures to not repeat the mistakes. This mistake had cost the company’s shares to fall by 25% that year.
