Bank Accidentally Sends Client 8.3 Billion Dollars

Germany's biggest lender, Deutsche Bank, accidentally sent $8.3 billion to a client after a junior member entered the wrong numbers...

The $8.3 billion was sent to a US hedge fund client and recovered one day later, and occurred after the employee used a "gross figure, rather than a net figure", according to the report from Bloomberg.

The incident follows a series of scandals at the Frankfurt-based bank, which launched a major business and management shake-up at the weekend.

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 $3.4 billion fine in May for its role in rigging interest rates.

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