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Thursday Humor: Deutsche Bank's $6 Billion Money Transfers

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Thursday Humor: Deutsche Bank's $6 Billion Money Transfers
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This week, we learned Deutsche Bank AG (USA) (NYSE: DB) transferred $6 billion to a U.S. fund for one day, on accident, thanks to an intern and perhaps a lack of internal controls.

Per Benzinga Pro:

"FT Reporting Deutsche Bank $6B Fine Related To Possible 'Fat Finger' Trade During Summer Of 2015"

Regardless if one thinks Deutsche Bank was merely helping the now-closed Renaissance Technologies Institutional Futures Fund or whatever poor fund found itself as the counter-party risk to Glencore, this next effort by the little guy to get merely 600 euro's from their ATM stands has a beautiful contrast between how hard it is for the little guy to get money and how openly and freely large money transfers between the powers that be.

(H/T @GeorgePearkes)

Posted-In: Deutsche Bank GlencoreNews Opinion Best of Benzinga

 

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