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24April
2018

Deutsche Bank mistakenly translated $ 35 billion

Germany’s largest bank acknowledged the fact of the mistake, but not the amount of the transfer. Deutsche Bank claims that an error has been detected within a few minutes.

German Deutsche Bank mistakenly translated one of the exchanges with which he is dealing, a pledge of $ 35 billion, CNN Money reports with reference to informed sources on Friday, April 20.
It is noted that the transfer amount was $ 5 billion higher than the current capitalization of Deutsche Bank.
The publication states that the largest bank in Germany has acknowledged the fact of the error, but not the amount of the transfer. Also remained unclear the question of what the real amount of collateral should be.
“The error was detected in a few minutes, and then fixed,” – said a representative of Deutsche Bank.


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