German Bank Transferred $5.4 Billion By Accident

The so called Germany's "dumbest bank" has done it again. State-owned development bank kfW accidentally transferred $5.4 billion (5 billion euros) to four other banks.

As Bloomberg reports "a technical glitch that repeated single payments multiple times, according to people familiar with the matter". 

It is not the first time that such a "mistake" is done by kfW. kfW has been widely known for erroneously transferring hundreds of millions of euros to Lehman Brothers Holdings Inc. the day the U.S. firm filed for bankruptcy. Κάνοντας Like στο Facebook ενημερώνεστε άμεσα για τα νέα άρθρα -->