Deutsche Bank, Germany’s biggest lender, accidentally sent $6bn to a client after entering the wrong numbers, reports The Telegraph.
A junior member of the investment bank’s foreign exchange sales team made the error in June, Bloomberg claimed.
The $6bn was sent to a US hedge fund client and recovered one day later. It occurred after the employee used a “gross figure, rather than a net figure”, according to the report.
The incident follows a series of scandals at the Frankfurt-based bank, which has launched a major business and management shake-up.
Its two co-chief executives Anshu Jain and Juergen Fitschen resigned in June over missed profit targets and missteps, and were replaced by new co-CEO John Cryan.
The bank is mired in roughly 6,000 legal cases and received a record $2.5bn fine in May for its role in rigging interest rates.
