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)
Also Read
(Reporting by Hans Seidenstuecker; Writing by Tom Sims; Editing by Elaine Hardcastle)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app