Deutsche Bank, which has had one blunder after another, is said to have briefly sent 28 billion euros ($35 billion) out of the bank. It was some kind of error that was identified in minutes and reversed.
The money went to an exchange as part of derivative settlement, according to Bloomberg who cites a person familiar.
"This was an operational error in the movement of collateral between Deutsche Bank's principal accounts and Deutsche Bank's Eurex account," Charlie Olivier, a spokesman for Deutsche Bank, wrote in an emailed statement to Bloomberg. "The error was identified within a matter of minutes, and then rectified. We have rigorously reviewed the reasons why this error occurred and taken steps to prevent its recurrence."
Fail-safes should have halted the error but the glitch wasn't caught. Shares of DB are down 26% year-to-date.