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Old 05-24-2018, 11:30 AM
IANAE IANAE is offline
Join Date: Oct 2017
Posts: 217

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.

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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