Deutsche Bank mistakenly transferred $24 billion in 2014

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Reuters FRANKFURT
Last Updated : May 24 2018 | 9:40 PM IST

FRANKFURT (Reuters) - Deutsche Bank erroneously transferred 21 billion euros ($24.62 billion) to Macquarie in 2014, a spokesman said on Thursday, the latest such error to come to light.

The transfer was a human error and not related to faulty technology, said a person familiar with the matter. It was corrected within a few hours and didn't result in any financial damages.

Bloomberg News first reported the mistake.

In March, Deutsche Bank transferred 28 billion euros ($33 billion) instead of 28 billion yen ($257 million) to its own account at the derivative exchange Eurex.

($1 = 0.8530 euros)

($1 = 109.1500 yen)

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(Reporting by Hans Seidenstuecker; Writing by Tom Sims; Editing by Elaine Hardcastle)

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First Published: May 24 2018 | 9:22 PM IST

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