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Deutsche Bank Junior Trader Mistakenly Paid Hedge Fund Client $6 Billion In "Fat Finger" Error

From zerohedge.com

Just a day after flailing, scandal-ridden Deutsche Bank shocked investors with the latest corporate restructuring, one which saw its investment bank split in two and which saw the termination of its IB-head Colin Fan, the FT reports of another epic snafu involving the German megabank (with over $60 trillion in derivatives), which this past summer mistakenly paid a hedge fund client $6 billion in a wire transfer "fat finger" (just shy of the $7 billion Q3 loss the bank preannounced two weeks ago). According to the FT, the bank bank recovered the money from the US hedge fund the next day but, as it also notes, ... (full story)

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