Read this in a newspaper today. A German bank based in Berlin sacked 3 of its employees this week. Apparently they transferred 350 million euros to Lehman Brothers by mistake, a day after the latter filed for bankruptcy!
What a weird mistake.. On a normal day, they would have got the money back. But then these are not normal days!
1 comment:
To Err is human ...
I remember a three year old story .. Fat fingered typing costs a trader’s bosses £128m.
The trader at Mizuho Securities, who has not been named, fell foul of what is known in financial circles as “fat finger syndrome” where a dealer types incorrect details into his computer. He wanted to sell one share in a new telecoms company called J Com, for 600,000 yen (about £3,000).
Unfortunately, the order went through as a sale of 600,000 shares at 1 yen each.
:-)
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