Oops! Deutsche Bank did it again

Deutsche Bank accidentally sent $35 Billion to an exchange as part of its daily dealings in derivatives, according to a person familiar with the matter. The error, which took place in the final weeks of former Chief Executive Officer John Cryan’s tenure, was quickly spotted and no financial harm suffered. But the episode raises fresh questions about the bank’s risk and control processes, which Cryan had boasted of improving before his ouster.

Britney Spears, Oops, I did it again, 27.03.2000
bloomberg.com, Wiliam Canny, 19.04.2018
spiegel.de, ans, 19.04.2018 http://spon.de/afdln