BUSINESS Deutsche Bank mistakenly transferred $24 billion in 2014


Deutsche Bank mistakenly transferred $24 billion in 2014


01:08, May 25, 2018


FILE PHOTO: The headquarters of Germany's Deutsche Bank is photographed early evening in Frankfurt, Germany, January 26, 2016. (Photo: Reuters)

Deutsche Bank erroneously transferred 21 billion euros ($24.62 billion) to Macquarie in 2014, a spokesman said on Thursday, the latest such error to come to light.

The transfer was a human error and not related to faulty technology, said a person familiar with the matter. It was corrected within a few hours and didn’t result in any financial damages.

Bloomberg News first reported the mistake.

In March, Deutsche Bank transferred 28 billion euros ($33 billion) instead of 28 billion yen ($257 million) to its own account at the derivative exchange Eurex.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue