Friday, 23 October 2015

Deutsche Bank has a technology problem

From Business Insider UK –

“When you pay $6 billion (£3.9 billion) by accident, it's time to admit your technology and operational controls aren't up to scratch.

Such is the case with Deutsche Bank, which mistakenly paid the money to a hedge fund client in a so-called "fat finger" trade in June when junior staff put in too many zeros on a transaction, according to a report in the Financial Times.”

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