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Old 05-24-2018, 11:30 AM
IANAE IANAE is offline
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Another 'units' error highlighting ops risk exposure and control deficiencies.

Another Deutsche Bank Blunder Revealed: $30 Billion 2014 Gaffe reports the recent disclosure of $30B error in 2014 in addition to a $35B error in March 2018.

Quote:
The 2018 error was caused by the input of euros instead of yen, Sewing told shareholders in Frankfurt on Thursday. The bank has “significantly improved controls” for large-volume payments to ensure such an error doesn’t happen again.
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