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News Link • Central Banks/Banking

Deutsche Bank "Mistakenly" Sends $35 Billion Out The Door

• https://www.zerohedge.com, By Tyler Durden

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.

According to Bloomberg, a routine payment at Deutsche Bank "went awry" (or as the article notes "was flubbed") last month when the bank with the €48 trillion in derivatives...

... mistakenly sent 28 billion euros ($35 billion) to an exchange as part of its daily derivatives margin transfers.

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